Page 101 - CAPE Financial Services Syllabus Macmillan_Neat

-9-

34. Why is regulation of offshore banks important?

I. protect consumers
II. enhance integrity
III. help to maintain competitive markets
IV. promote effective competition in the interests of businesses

(A) I, and II
(B) I, and III
(C) I, II and III
(D) I, II, III and IV

35. Which of the following are possible reasons for the existence of more than one regulatory
accounting body?

I. Differences in currency conversion
II. Differences among regulatory systems globally and regionally
III. Difficulties of developing a comprehensive set of rules
IV. Existence of a black market

(A) I, and II
(B) II, and III
(C) I, II and III
(D) I, II, III and IV

36. Which of the following is NOT a required step in maintaining cyber security?

(A) Identify cyber security threats, vulnerabilities and risk.
(B) Protection from risks.
(C) Detect and monitor.
(D) Follow protocol

37. Which of the following institutions has developed capital adequacy standards that are
used in the global financial system?

(A) World Bank
(B) International Monetary Fund (IMF)
(C) Bank for International Settlements (BIS)
(D) Organization for Economic Co-operation and Development (OECD)

02169010/SPEC 2016 GO ON TO THE NEXT PAGE