<Li> Basel Accords (Basel I, Basel II, Basel III) </Li> <Li> Financial Stability Board </Li> <Tr> <Th> Background </Th> </Tr> <Tr> <Td> <Ul> <Li> Banking (Regulation) </Li> <Li> Monetary policy </Li> <Li> Central bank </Li> <Li> Risk </Li> <Li> Risk management </Li> <Li> Regulatory capital </Li> <Li> Tier 1 </Li> <Li> Tier 2 </Li> </Ul> </Td> </Tr>

What are the advantages of having the federal reserve oversee the regulation of the banking system