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The government plays a far-reaching role in the financial services industry in many ways. It enacts regulations that can have either positive or negative influences on the industry. For example, increased regulation typically means that firms need to pay more attention to compliance which increases the time and effort to adapt business practices in order to follow the new regulations correctly.

Paragraph that conveys your thoughts on the following:

-Role of government in the financial services industry. Are you for or against it? Why or why not? Explain. Use your experiences from your workplace or as a consumer of the financial services industry.

Reference no: EM132999786

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