Write a paper responding to the following items:
Defend the rationale for regulation within the commercial banking system. Is more commercial bank regulation more or less likely to benefit a minimum-wage worker over a highly paid corporate executive?Defend the benefits gained from the main regulatory bodies which directly impact the operations and decision making of commercial banks. Please ensure you include the rationale and importance of the regulatory bodies identified.Provide examples of how the current and future banking regulations will impact the industry both positively and negatively.Describe the future regulations or economic conditions that could impact the commercial banking industry both nationally and internationally.