Free Banking CRCM Exam Braindumps (page: 6)

Which of the following should be done during research and interpreting regulations Compliance professionals in mitigating compliance risk?

  1. Ongoing monitoring to evaluate the program, self monitoring and corrective action
  2. Track regulatory proposals
  3. Implementing final regulatory rules
  4. Self monitoring
  5. Periodic reviews
  6. Understanding the business units' operating environment and risk tolerance
  7. Ongoing monitoring to evaluate the program, self monitoring and periodic reviews
  8. Ranking solutions as high, moderate and low risk

Answer(s): A,A,B,B



Which of the following should be done during research and interpreting regulations Compliance professionals in mitigating compliance risk?

  1. Track regulatory proposals
  2. Implementing final regulatory rules
  3. Understanding the business units' operating environment and risk tolerance
  4. Ranking solutions as high, moderate and low risk

Answer(s): A,B,D



The compliance program should address plans to verify adherence to applicable regulations through:

  1. Ongoing monitoring to evaluate the program, self monitoring and corrective action
  2. Self monitoring
  3. Periodic reviews
  4. Ongoing monitoring to evaluate the program, self monitoring and periodic reviews

Answer(s): A



The compliance program should address plans to verify adherence to applicable regulations through:

  1. Ongoing monitoring to evaluate the program, self monitoring and corrective action
  2. Self monitoring
  3. Periodic reviews
  4. Ongoing monitoring to evaluate the program, self monitoring and periodic reviews

Answer(s): A



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