Mutual Fund Regulation. From the end of Chapter 12, complete problem 13: Describe how mutual funds provide services related to risk sharing and liquidity. Distinguish a mutual fund from a bank. What do the differences you highlighted imply about the need for regulation of mutual funds as opposed to banks? Your 200 word answer should focus on selecting your most relevant thoughts and organizing them in a coherent fashion. Respond to at least two of your classmates’ postings.