The dual concern-letting markets and competition do their essential work to benefit customers, while preserving safety and soundness to protect the most vulnerable customers-has led to the development of several different regulatory approaches, any one of which may come to dominate the future of the financial-services business.

Question

Quizplus · Accepted Answer

The dual concern of allowing markets and competition to function for customer benefit while ensuring safety and soundness to protect vulnerable customers has indeed led to the development of various regulatory approaches in the financial-services sector. These approaches aim to balance market freedom with necessary oversight to prevent systemic risks and protect consumers.

The Dual Concern-Letting Markets and Competition Do Their Essential Work