Many Observers Believe That the Largely Unregulated Nature of Global

question 11

Essay

Many observers believe that the largely unregulated nature of global banking activity leaves the world financial system vulnerable to bank failure on a massive scale. Is this a real threat?
If so, what measures have governments taken to reduce it?

---

Definitions:

Level of Risk

The probability or likelihood of an adverse event or outcome occurring, often assessed in the context of decision making and finance.

Fisher's Exact Test

A statistical significance test used for small sample sizes and designed for categorical data, to examine the significance of the association between two kinds of classifications.

Mann-Whitney U

A nonparametric test used to compare differences between two independent groups on a single, ordinal outcome variable.

Transfer of Learning

The application of skills, knowledge, or understanding acquired in one context to another context.