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Answer :
Final answer:
The Florida Office of Financial Regulation may conduct investigations whenever necessary. Regulators are required to make their findings public and act promptly when problems are identified. Multiple government agencies monitor banks to ensure their financial stability.
Explanation:
The Office of the Florida Office of Financial Regulation may conduct an investigation of any person whenever there is a need to do so.
The government passed laws in the 1990s requiring bank supervisors to make their findings open and public, and to act as soon as they identify a problem. However, during the 2008-2009 recession, critics questioned why regulators had not foreseen the financial shakiness of banks earlier to prevent large losses from accumulating.
This government agency monitors banks' balance sheets, ensuring they have positive net worth and aren't taking excessive risks. They conduct on-site reviews and also regulate savings and loan institutions.
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