The MBRCC Code of Conduct is designed primarily to deal with: Select one: a. Creating a national regulator b. Ensuring mortgage agents act legally at all times c. Creating standards for professional behaviour and conduct d. Creating enforeceable, mandatory national regulatory standards
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- When drafting an AML policy, which of the following internal parties is most important to thave approve the policy? The audit department senior management credit department Credit department manager operations department managerIdentify all the regional regulatory institutions within the cibcfcib bank’s regulatory framework. Which three regulators do you believe have the most significant impact on the operations of the bank? Explain your answer.Which RBI framework includes a list of indicative innovative products, services, and technologies that could be considered for testing under its regulatory scheme a. Regulatory Sandbox b. POS Lending c. NPCI d. P2P Lending
- The proposed adaptation of prudential regulations known as Basel 3 proposes : a. to increase the quality of instruments eligible for capitalb. to introduce a leverage ratio complementary to the risk-adjusted solvency ratioc. to facilitate the exchange of information between national supervisors d. a and bExplain the role of regulators in monitoring and enforcing ALM policies and limits. Describe how they use ALM information to assess the safety and soundness of financial institutions.An International Code of Ethics for professional Accountant was developed by International Federation of Accountants (IFAC) with the sole aim of promoting consistency and a foundation for countries to develop their own code.Explain the five fundamental principles which members must comply with as set out by the ACCA’s Code of Ethics and Conduct?
- Why is there a need or why is it a requirement for banking institution, building and loan association, trust company, insurance company, and so forth to have certification of the appropriate government agency in order for the Commission to accept the filing of bylaws of such institutions?15. Which of the following is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession? a. FASB b. CMA c. CIMA d. IFACAICPA members who work in industry and government must always uphold which two of the following AICPA rules of conduct?a. The Independence Rule.b. The Integrity and Objectivity Rule.c. The Confidential Client Information Rule.d. The Acts Discreditable Rule.
- Identify all the regional regulatory institutions within the CIBC FirstCaribbean International Bank regulatory framework. Which three regulators do you believe have the most significant impact on the operations of the bank? Explain your answer.1) Introduction of Global Bodies for Islamic banking in three lines for each. 1. AAOIFI 2. IFSB 3. IIRA 4. CIBAFI 2) Detailed introduction of AAOIFI which must contain a. brief Introduction and history b. Responsibilities and in how many sectors it functions? c. Types of standards AAOIFI makes for Islamic banking standards.Regulatory body's main role is to oversight over the public interest activities from setting the standards to delivery and finally maintaining the system. Required: Explain the differences between regulatory bodies and professional bodies. Also, evaluate the roles of any two regulatory bodies and two professional bodies.