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by webmobdev
2023 days ago
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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 banks in US and India due to lax oversight, greed and corruption, in the last 2 decades is strong proof of this. |
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That is an important point. Not only realisations are needed, regulations need to be enforced if we expect the banking system to work.