Learn to:

1. Compare the bank regulatory system in the US, comprised of multiple state and federal regulators, with the “single financial regulator” system operating in most other jurisdictions.

2. Assess the root causes of bank panics and runs (including particularly the wholesale funding runs which occurred during the 2008 financial crisis) and the regulatory framework that has evolved to address this systemic risk.

3. Summarize important federal laws and regulations affecting bank operations and practices.