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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Quentin

23 days ago

Honestly, I'd just flip a coin and hope for the best. Compliance is like a game of Twister - you never know which way you're gonna stretch next!

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Ria

25 days ago

Ranking solutions as high, moderate, and low risk? Sounds like a job for a professional risk assessor... or a fortune teller. I'll take my chances with the latter.

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Yvonne

26 days ago

Understanding the business units' operating environment and risk tolerance - now that's where the real magic happens. Gotta know your players, people!

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Murray

1 months ago

Implementing final regulatory rules? Pfft, that's like trying to herd cats. Good luck with that one!

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Gwenn

19 days ago

A) Track regulatory proposals

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2 months ago

I think tracking regulatory proposals is important.

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