CAIIB Paper 1: Advanced Bank Management (ABM)

Q: Under RBI guidelines on Corporate Governance and Compliance, what is the mandatory reporting line of the Chief Compliance Officer (CCO) in a bank?

Correct Answer: Option B (Directly to the MD & CEO or Audit Committee of the Board (ACB)). To maintain independence and objectivity, the Chief Compliance Officer (CCO) has direct access to the MD & CEO and the Audit Committee of the Board (ACB) without operational interference.

1 Questions (Mod D) 4 Modules

Practice CAIIB Paper 1: Advanced Bank Management (ABM) - Module D (Compliance in Banks & Corporate Governance) multiple choice questions with detailed step-by-step explanations.

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