36. Which major banking reform legislation established the Financial Stability Oversight Council (FSOC)?
a) Basel III
b) Glass-Steagall Act
c) Sarbanes-Oxley Act
d) Dodd-Frank Act
37. What is the role of the Financial Stability Oversight Council (FSOC)?
a) Identify and monitor systemic risks in the financial system
b) Regulate interest rates in the banking sector
c) Promote international coordination of banking regulations
d) Develop monetary policies
38. Which banking reform legislation introduced additional capital requirements for systemically important financial institutions (SIFIs)?
a) Dodd-Frank Act
b) Basel II
c) Volcker Rule
d) Glass-Steagall Act
39. What is a systemically important financial institution (SIFI)?
a) A financial institution that is considered vital to the stability of the financial system
b) A small bank that poses a high risk of failure
c) A non-bank entity engaged in financial activities
d) A financial institution with a substantial retail banking presence
40. Which major banking reform aimed to enhance the independence and accountability of credit rating agencies?
a) Volcker Rule
b) Basel III
c) Sarbanes-Oxley Act
d) Dodd-Frank Act
