According to the textbook the ultimate impact of regulation is to restrict the entry of new competitors, raise financial-service prices and reduce the likelihood of institutional failures.

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Regulation in the financial services sector often aims to ensure stability and protect consumers, but it can also have the unintended consequence of creating barriers to entry for new competitors, potentially leading to higher prices for services and, by promoting stability and compliance, reducing the likelihood of institutional failures.

According to the Textbook the Ultimate Impact of Regulation Is