1. Among the most important areas of banking subject to regulation are the adequacy of a bank’s capi

1. Among the most important areas of banking subject to regulation are the adequacy of a bank’s capital, the quality of its loans and security investments, its liquidity position, fund-raising options, services offered, and its ability to expand through branching and the formation of holding companies. What are the reasons for regulating each of the key areas or functions named above?2. What is the principal role or function of the Comptroller of Currency?3. What is the principal job performed by the FDIC?4. What key roles does the Federal Reserve System perform in the banking and financial system?5. What is the Glass-Steagall Act and Why Was It Important in banking history?6. How did the Equal Credit Opportunity Act and the Community Reinvestment Act address discrimination?7. What changes in banking regulation did the Gramm-Leach-Bliley (Financial Services Modernization) Act bring about? Why?8. Why were the Sarbanes-Oxley and USA Patriot Acts enacted in the United States? What impact are these new laws and their supporting regulations likely to have on the financial-services sector?