I vaguely recall that risks should be reassessed whenever there's a significant change, but I can't remember if that means constant review or just during audits.
I think we practiced a question similar to this, and I feel like risks should be reviewed at least quarterly, but I'm not sure which option that aligns with.
Ah, I think I've got it. The bank is using the email address provided by the applicant, so they don't need additional consent to send the notice that way. The tricky part is whether that's sufficient, or if they still need to send a paper notice.
Okay, let me break this down. Disintermediation is the key here - it's about removing the middleman and having lenders directly fund borrowers. I'm pretty confident that's the right answer.
Constant review? That's music to my ears! I'm just imagining the risk management team with their binoculars and walkie-talkies, keeping a 24/7 eye on those risks. Gotta love that attention to detail!
Risks remain under constant review? That's more like it! I mean, who wants to leave their organization's security up to chance? Oh wait, some of these other answers do...
When the next risk audit is due? So, every 5 years? I'd like to buy the person who came up with that answer a crystal ball, because that's the only way they're gonna know when the next audit is coming.
A maximum of once every other month? That's like checking the expiration date on your milk once a year. Doesn't seem like the best risk management strategy to me.
Once defined, they do not need reviewing? Really? I guess the organization just hopes the risks will magically disappear on their own. Good luck with that!
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