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Strong banking regulations is necessary to ensure that people trust the banks, and the banks don't misuse the fund you deposit with them. The collapse of some b
by webmobdev 6y ago
Strong banking regulations is necessary to ensure that people trust the banks, and the banks don't misuse the fund you deposit with them. The collapse of some banks in US and India due to lax oversight, greed and corruption, in the last 2 decades is strong proof of this.
- Hokusai 6y ago> due to lax oversight That is an important point. Not only realisations are needed, regulations need to be enforced if we expect the banking system to work.