QUESTION 16 Which of the following are key elements of the compliance function? Develop and maintain the right culture Deliver training Advise on regulatory issues "Monitor how the business is complying with laws, rules, and regulations" Communicate with business about rules and regulations and with regulators about reg compliance issues Handle regulatory issues through resolution Balance compliance costs and benefits QUESTION 17 Which of the following apply to a transaction termsheet? Choose all that apply. Final binding agreement shows basic terms and conditions of transaction "template and basis for more detailed, legally binding documents" Reduces likelihood of a misunderstanding Ensures legal charges involved in binding agreement or contract not incurred prematurely DOO QUESTION 18 The Committee on Banking Supervision is an association of central bankers