【单选题】The first sentence of the next paragraph is 'Unsystematic deregulation has brought the sys- tem to its present ugly pass.' You think the main topic of this paragraph will be:
A.
a description of the faults of the present system.
B.
a description of the positive points of the present system.
C.
a description of the future changes in the system.
D.
a description of the regulations controlling insurance companies.
provided a natural environment for financial innovations, like currency futures and options.
B.
has promoted competition among market participants.
C.
has encouraged developing countries such as Chile, Mexico, and Korea to liberalize by allowing foreigners to directly invest in their financial markets.