Fundamental Concepts of Risk Management in Financial Services Quiz
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Questions and Answers

What is the purpose of prudential regulation?

  • To supervise the Prudential Authority
  • To focus on risk management and capital adequacy (correct)
  • To supervise the Financial Sector Conduct Authority
  • To focus on ethics, integrity, and customer protection

    • Which regulatory entity in South Africa is responsible for supervising the Prudential Authority?

  • The Financial Sector Conduct Authority
  • The Financial Intelligence Centre
  • The South African Reserve Bank (correct)
  • The National Credit Regulator

    • What is the Financial Sector Regulation Act (2017) aligned with?

  • Market conduct regulation
  • Customer protection
  • Financial intelligence
  • International best practice (correct)

    • Which regulatory system in South Africa is referred to as the 'Twin Peaks' regulatory system?

    <p>The Financial Sector Regulation Act (2017)</p> Signup and view all the answers

    What are the two main types of regulation mentioned in the text?

    <p>Prudential regulation and market conduct regulation</p> Signup and view all the answers

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