Detail the fundamental reasons for financial regulation as discussed in class and in the text. As part of this discussion, provide an analysis of the potential conflicts between a policy of promoting competition and a policy of reducing the chance of financial institution failure. In this context what are the dangers of the too-big-to-let-fail policy in promoting financial intermediary efficiency, productivity and competition as more large FIs are formed through mergers and consolidation. Consider whether the problem of moral hazard facing regulators and the federal deposit insurance funds is more or less of a problem under this policy.