Banking Banking So Much for That Plan "More than 70% of commercial-grade avow assets are held by organizations that are supervised by at least two federal agencies; al to the highest degree half(a) attract the solicitude of three or four. Banks devote on average about 14% of their non-interest expense to complying with rules" (Anonymous 88). A photograph can hold that government waste has struck again. This complex mess of regulation, among otherwise things, increases costs and diffuses accountability for policy actions deceased awry.
The most in effect(p) remedy to correct this problem would be to consolidate most of the supervisory responsibilities of the regulatory agencies into one action. This would compact costs to both(prenominal) the government and the banks, and would allow the parts of the agencies not consolidated to reduce on their primary tasks. One such plan was introduced by Treasury Secretary Lloyd Bentsen in edge of 1994. The plan called for folding, into a new independent federal agency (called the Ba...If you want to cross a full essay, order it on our website: OrderCustomPaper.com
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