CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Banking
  5. CRCM

Free CRCM Exam Braindumps

After a compliance officer develops a base of knowledge of regulations, he or she must begin the art of applying regulations in a risk management environment. Which of the following is NOT out of a few things to be kept in mind when determining what to do FIRST?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



After a compliance officer develops a base of knowledge of regulations, he or she must begin the art of applying regulations in a risk management environment. Which of the following is NOT out of a few things to be kept in mind when determining what to do FIRST?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



After a compliance officer develops a base of knowledge of regulations, he or she must begin the art of applying regulations in a risk management environment. Which of the following is NOT out of a few things to be kept in mind when determining what to do FIRST?

  1. Think practically about your role as an advisor. Involve the business units in the decision process rather than making decisions for them
  2. Calculate the institution's consolidated risk profile
  3. Make sure you understand the level of risk the bank will tolerate, so decisions do not exceed this limit
  4. Add value by analyzing regulatory requirements for the business units before you present proposed or final rules or solutions

Answer(s): B



In the mid-1980s a movement began among the federal supervisory agencies to produce a uniform ARM regulation. In 1988, the Federal Reserve Board added the uniform ARM disclosure requirements to a regulation. Therefore, most of the original OCC ARM consumer protection requirements are now found in this new regulation. Adjustable rate mortgage loans made by national banks may be subject to the OCC's ARM regulation or the requirements of this new regulation, or both. This new regulation is:

  1. Regulation Z
  2. Truth in Lending
  3. CFR 34.21, 34.22 and 34.23
  4. FIRREA penalty

Answer(s): A,B






Post your Comments and Discuss Banking CRCM exam with other Community members:

CRCM Discussions & Posts