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1. What is the principle behind the Standardized Approach?
- Allows banks to use their own internal measurement system and loss data to calculate capital charge.
- allocated different risk profiles across different lines of business via risk-weighted assets
- It is the most basic approach requiring the bank to hold a fixed percentage of gross income as operational risk capital
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Other questions in this quiz
2. Under MiFID II "post-trade transparency" reporting, where does TRANSACTION REPORTING need to be performed?
- ARM (approved reporting mechanism)
- APA (approved publication arrangement)
3. What is the maximum penalty for not complying with GDPR rules?
- $25 million fine or 5% of group worldwide turnover (whichever is greater)
- $20 million fine or 4% of group worldwide turnover (whichever is greater)
- $40 million fine or 4% of group worldwide turnover (whichever is greater)
- $20 million fine or 2% of group worldwide turnover (whichever is greater)
4. Which authority focuses on regulation of market abuse and insider dealing, and has a statutory objective of ensuring markets function well?
- FSMA
- FCA (Financial Conduct Authority)
- PRA (Prudential Regulation Authority)
- FPC (Financial Policy Committee)
5. Under MiFID II. MTFs & SIs must make aggregated order information available of what?
- 5 best available prices
- 5 best available settlement agents
- best available prices
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