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10 cards from this deck
Controls how banks & financial institutions operate
Risks affecting entire financial system
Stability of individual financial institutions
Protect consumers, markets; promote competition
Taking excessive risk as others bear the cost
Ability & ease to convert assets to cash
Value of assets minus liabilities (net worth)
Risk of entire financial system breakdown
9 August 2007 (BNP Paribas announcement)
Strengthen bank capital & liquidity requirements
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