Main Task: Evaluate the Role of Financial Institutions Write apaper (5 pages APA

Main Task: Evaluate the Role of Financial Institutions Write apaper (5 pages APA format)addressing the following: 1.Formulate the nature of the global financial system and how thissystem influences the major financial institutions such ascommercial banks insurance companies securities firms mutualfunds investment banks and finance companies. 2. Develop and framethe potential next major regulatory initiatives in the US financialsystem. For example how does current regulation impact thefinancial system? Does it need to change? If so how might itevolve? If no change is needed how might regulatory bodiesrestructure to improve the overall financial system? 3. Defend theoverall value and ability of the US financial system to competewith similar financial systems of other countries within theglobal marketplace.