Which governance structure is most likely to foster an enterprise risk management view? a. The operational risk

Question:

Which governance structure is most likely to foster an enterprise risk management view?

a. The operational risk department is part of the compliance department.

b. The operational risk department reports to the chief risk officer.

c. The operational risk department reports to the chief financial officer.

d. The operational risk department reports to the chief operating officer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operational Risk Management A Complete Guide For Banking And Fintech Wiley Finance

ISBN: 9781119836049

2nd Edition

Authors: Philippa X. Girling

See More Books

Question Posted: Jul 04, 2024 11:02 AM

See More Questions

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...
Download the most recent financial statements of Medtronic and Boston Scientific.From the attached ratio sheet pick 6 relevant ratios and compare the two companies.Then from the ratios you selected...
Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...
Find the lengths of the curves. x = (y 3 /12) + (1/y), 1 y 2
Compare the answers to Exercises 5.1 and 5.2. Is the standard deviation for performance when people do not read the passage different from the standard deviation when people do read the passage?
Logo Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. The company sews the blankets from fabric and sews on a logo patch purchased...
Explain the payment methods that exporters typically use. What is the most reliable payment method, and how do exporters carry it out? 1239
Sue exchanges a sport utility vehicle (adjusted basis of $16,000; fair market value of $19,500) for cash of $2,000 and a pickup truck (fair market value of $17,500). Both vehicles are for business...
Gallatin Carpet Cleaning is a small family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The...
Which of the following are requirements of a strong governance structure? I. There are first, second, and third lines of defense. II. The first line of defense is the business line. III. The second...
The main causes of operational risk are generally accepted to be a. People, processes, systems, external events. b. People, processes, systems, internal events. c. Processes, systems, events. d....
Find each integral. (cos x)-4/3 sin x dx
Task 2 In addition to the report produced for Task 1, the SMT have asked that you produce a short presentation, (minimum of 2 slides per bullet point), to help ensure that employees handle, store and...
Real solutions for x 2 = 5 ( x + 3 6 0 ) ?
1) Two-stage compressor with irreversibilities = You need to build a two-stage compression system with intercooling to increase the pressure of Argon (monatomic gas, constant specific heat) from pi...
A tightrope is connected at each end to a vertical tree trunk at a height of 1.57 meter above the ground. The two trees are located a distance 5.00 meters apart. At the midpoint of the tightrope, a...
A missing order occurs when a maximum of the two-slit diffraction pattern lines up with the minimum of the single slit diffraction pattern. Adjust the parameters of the simulation to create a...
La Cucina Company sells kitchen supplies and housewares. Lava stone is used in production of molcajetes (mortars and pestles used in the making of guacamole) and is purchased from external suppliers....
Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement of cash flows for the years 20182020 follows. Required Comment on Thalina Mineral...
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...

Which governance structure is most likely to foster an enterprise risk management view? a. The operational risk

Question:

Step by Step Answer:

Operational Risk Management A Complete Guide For Banking And Fintech Wiley Finance

Students also viewed these Business questions