Test Your Knowledge

Question 1

Which of the following is an example of micro prudential measure exposed by a countrys financial regulator?

Answer 1

Obliging a bank to increase the amount of capital on its balance sheet

Question 2

Which of the following correctly states that the objective of a central bank resolution regime within the context of a bank failure

Answer 2

Managing a bank failure in an orderly way

Question 3

Which one of the following is not a function of the UKs FCA

Answer 3

Acting as lender of last resort

(Promoting competition, regulating consumer credit, detecting consumers from bad conduct)

Question 4

Due diligence is a process by which banks employees

Answer 4

Gather information about their customers

Question 5

Which one of the following is a key principle of GDPR data protection

Answer 5

Purpose limitation