overturned the section of the Banking Act of 1933 that prohibited commercial banks from selling insurance or performing the functions of investment banks. O The Sarbanes-Oxley Act of 2002 O The Securities and Exchange Act of 1934 O The Financial Services Modernization Act of 1999 O The Securities Act of 1933
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- Which of the following permitted banks the ability to sell insurance? O The Sarbanes-Oxley Act The Glass-Steagall Act O The Financial Services Modernization Act O The Financial Reform Act of 2010The policy that requires regulator intervention when ____, and it was bank capital falls too low is introduced by the prompt corrective action; Financial Services Modernization Act of 1999 FDIC insurance; FDIC Improvement Act of 1991 prompt corrective action; FDIC Improvement Act of 1991 FDIC insurance; Financial Services Modernization Act of 1999Securities that are registered at the U.S. Federal level are not subject to U.S. state governments requiring their own registration because of _____________________. A. The Financial Institution Modernization ActB. SEC Rule 144AC. The Federal Reserve ActD. SEC Rule 415E. The National Securities Market Improvement Act
- The Dodd-Frank Act: O A regulatory bill meant to guard against the irresponsibility that caused the subprime mortgage crisis. OA bill that imposed new, strict, regulations on mortgage companies and investment banks. O An act that dispersed additional funds to aid in the recovery of the troubled financial institutions (Fls) O Created a program that monitors both mortgage issuers and borrowers, preventing unethical and predatory lending. O Does all of the aboveRegulation of Deposit Insurance True or False: Prior to 1991, all U.S. banks pald the same rate on FDIC Insurance, causing banks to engage in riskler behavlors, which is an example of the moral hazard problem. O True O False Regulation of Deposits Which of the following removed restrictions on opening bank branches across state lines? O The Community Reinvestment Act (CRA) O The Riegle-Neal Interstate Banking and Branching Efficiency Act O The Garn-St. Germain Act O The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) Regulation of Bank Loans Which of the following are regulated to limit bank default risk exposure? Check all that apply. Loans to a single borrower O Foreign loans O Loans to members within their community O Highly leveraged transactionsQUESTION 50 In the Movie House of Cards, which of the following contributed to the recessin of 2006-2008: 1. Banks lending to unqualified borrowers II. Borrowers borrowing more than they could pay II. Rating Agencies not correctly rating debt securities V. Lack of Government oversight, regulation V. Wall Street spreading risk to unsuspecting clients O A.IOnly O B. I & II O C.I,I & IV O D.I, II, III & IV Click Save and Submit to save and submit. Click Save All Answers to save all answers.
- 171.One of the elements addressed in the Dodd-Frank bill was authority over nonbank financial institutions that face bankruptcy. A)True B)False 172.The Dodd-Frank bill established the Consumer Financial Protection Bureau to help consumers understand the financial impact of Social Security. A)True B)False 173.Explain the trade-off between rate of return and liquidity. How do banks affect the trade-off? 174.What is maturity transformation? Explain the difference between maturity transformation by depository banks and by shadow banks. 175.Explain how shadow banks, which don't take deposits, can have bank runs. 176.Explain the two main causes of banking crises. 177.What caused the banking crises in the 1990s in Finland, Sweden, and Japan? 178.Describe the financial contagion that occurred during the Irish banking crisis in 2008. 179.Why are banking-crisis recessions so bad? 180.Explain the difference…Discuss the advantages and disadvantages of regulatory forbearance in banking. How useful has it been in mitigating COVID-19 stress on banks? Give some examplesAs part of the safeguards against imprudent banking, the General Banking Law imposes limits or restrictions on loans and credit accommodations which may be extended by banks. Which of the following are not considered limits and restrictions on loans and credit accommodation? a. NO commercial bank shall make any loan or discount on the security of shares of its own capital stock. b. DOSRI Rules – promulgated by BSP, upon authority of Section 5 of the General Banking Law. c. Anti-Money Laundering Law d. SBL Rules – those promulgated by the Bangko Sentral ng Pilipinas upon authority of Section 35 of the General Banking Law of 2000.
- Why are foreign banks or insurance corporations cannot deposit securities with the SEC?Question 6 Explain: the deposit insurance, provided by the government, reduces the incentive for depositors to monitor the bank.Which of the following is the Securities and Exchange Commission (SEC) provision that defines securities fraud? OA) Rule 12 OB) Rule 144 OC) Rule 505 DD) Rule 106-5 V HELP CALCULATOR FS de L % C 8 FG F7 & M A Fa DP FO DIK F10 F11