International Best Practice Flashcards
1
Q
How many principles for Basel Committee
A
10 principles
2
Q
The Board
A
Oversee banks compliance risk
approve compliance policy
establish permanent compliance function
3
Q
Principle 6 Basel Committee
A
have resources to carry out responsibility
4
Q
Principle 5 Basel Committee
A
compliance function separate
5
Q
Compliance Manuel
A
regularly reviewed
with feedback welcomed from all employees
6
Q
Compliance reports
A
Should be free to access all relevant info
any info from all departments where compliance risk exists
