American Bankers Association Exam CRCM Topic 8 Question 84 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 84
Topic #: 8

[All CRCM Questions]

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

ATrack regulatory proposals

BImplementing final regulatory rules

CUnderstanding the business units' operating environment and risk tolerance

DRanking solutions as high, moderate and low risk

Show Suggested Answer

Suggested Answer: B

by Shonda at Apr 10, 2024, 08:45 PM

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2 days ago

Tracking regulatory proposals is definitely a must! Gotta keep one step ahead of the game, you know?

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7 days ago

Ranking solutions by risk level can help prioritize actions effectively.

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9 days ago

I agree with Rosalia, but understanding the business units' operating environment is also crucial.

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13 days ago

I think tracking regulatory proposals is important.

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