Role of Financial Institutions

Main Task: Evaluate the Role of Financial Institutions Write a paper (5 pages APA format) aIDressing the following: 1. Formulate the nature of the global financial system and how this system influences the major financial institutions, such as commercial banks, insurance companies, securities firms, mutual funds, investment banks and finance companies. 2. Develop and frame the potential next major regulatory initiatives in the US financial system. For example, how does current regulation impact the financial system? Does it need to change? If so, how might it evolve? If no change is needed, how might regulatory bodies restructure to improve the overall financial system? 3. Defend the overall value and ability of the US financial system to compete with similar financial systems of other countries, within the global marketplace.