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What does Title XI of FIRREA require?

User Pjohansson
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Final answer:

Title XI of FIRREA requires federal regulatory agencies to establish minimum appraisal standards, prevent money laundering, and address financial crises.

Step-by-step explanation:

Title XI of FIRREA, also known as the Financial Institutions Reform, Recovery, and Enforcement Act, focuses on financial institution regulation and includes provisions related to appraisals, anti-money laundering, and the resolution of failed banks. It requires federal regulatory agencies to establish minimum appraisal standards and ensures that financial institutions have adequate controls to prevent money laundering. Additionally, it empowers the government to take action to address financial crises and provides mechanisms for the enforcement of regulations.

User Tiegz
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