The FDICIA of 1991 Strengthened the Role of Regulators to Monitor

Multiple Choice

The FDICIA of 1991 strengthened the role of regulators to monitor bank asset quality by the following measures EXCEPT

A) requiring improved accounting standards for banks.
B) giving private accountants an increased role in monitoring bank performances.
C) requiring an annual on-site examination by regulators.
D) requiring banks to work on achieving market value accounting.
E) disallowing independent audits.