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NEW QUESTION: 1
The definition of operational risk per Basel II includes which of the following:
I. Risk of loss resulting from inadequate or failed internal processes, people and systems or from external events II. Legal risk III. Strategic risk IV. Reputational risk
A. II and III
B. I, II, III and IV
C. I and III
D. I and II
Answer: D
Explanation:
Explanation
Operational risk as defined in Basel II specifically excludes strategic and reputational risk. Therefore Choice
'd' is the correct answer.
Note that Basel II defines operational risk as follows:
Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk, but excludes strategic and reputational risk.
NEW QUESTION: 2
A ready-made environment must be hosted by and accessed via a virtual server.
A. True
B. False
Answer: B
NEW QUESTION: 3
What is the function of the queue StandardInboundIntgrMsg?
A. receives inbound messages, for messages sent by the Communicator to any internal application
B. receives inbound messages, for messages sent by any internal application to the Communicator
C. receives inbound messages, for messages sent by the Communicator to any external application
D. receives inbound messages, for messages sent by any external application to the Communicator
Answer: D