According to the Economic Growth, Regulatory Relief and Consumer Protection Act of 2019 many larger banks are no longer considered ________________.
A) insurable
B) high risk
C) insolvent
D) systematically important
E) All of the options.

Question

Quizplus · Accepted Answer

The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (not 2019) relaxed regulations for banks, particularly changing the threshold for being considered "systematically important financial institutions" (SIFIs), which effectively meant that many larger banks were no longer automatically subject to the strictest regulatory scrutiny.