The following statements regarding the financial crisis are true EXCEPT
A)New policies have been introduced at national/regional levels to address financial stability risks from shadow banking.
B)Authorities are establishing system-wide oversight and monitoring frameworks to assess the financial stability risks from shadow banking.
C)The FSB has been conducting annual monitoring exercises since 2011 to assess global trends and risks.
D)The FSM has begun implementing a forward looking high level Policy Framework to detect and assess sources of financial stability risks from shadow banking.
E)Shadow banking is preventable and banks are prepared to spot and stop it.

Question

Quizplus · Accepted Answer

The statement that "Shadow banking is preventable and banks are prepared to spot and stop it" is not entirely true. While measures have been introduced to address financial stability risks from shadow banking, it is not entirely preventable and requires ongoing monitoring and regulation.

The Following Statements Regarding the Financial Crisis Are True EXCEPT