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Provide one argument in favour of and one argument against each of the following proposals to prevent future financial crises.
a.require shadow banks to hold more capital
b.give the CDIC resolution authority over shadow banks
c.impose higher capital requirements on larger banks
d.prohibit banks from making speculative investments
Formal Legitimate Authority
The officially recognized power held by an individual or body, derived from their position within an organizational or legal structure.
Temporary Coalition
A short-term alliance or partnership between individuals or groups for a specific project or to achieve a particular goal.
Single Issue
Focused on or concerned with only one topic, problem, or aspect.
Action Agenda
A list or plan of actions to be taken to achieve specific goals.
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