How can banking and financial regulations impact your daily work life?

Write a short essay of 1,000 words in response to the following question:

How can banking and financial regulations impact your daily work life?

Your work will be assessed based on the following criteria:
• Understanding why regulation is important in the financial industry
• Be able to explain each regulation and its main pillars
• Be able to make the link between the 2008 financial crisis and its implications in terms of regulation
• Be able to understand how regulations affect the daily work of an employee in a financial institution