Operational Risk Management in Banking
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Questions and Answers

What is the primary purpose of branches generating tickets for activation of dormant accounts?

  • To monitor the daily cash payment requirements of customers
  • To requisition cash from Cash Processing Centers/Cash Houses
  • To ensure timely delivery of semi-annual statements of accounts to customers (correct)
  • To maintain a minimum surplus of five days average of daily payment risk
  • What is the minimum cash balance that branches are required to maintain?

  • Minimum surplus of daily cash payment requirements
  • Five days' average of daily payment risk
  • One day's average of daily payment risk
  • One day's fresh/re-issuable cash balance (correct)
  • What is the purpose of Cash Processing Centers/Cash Houses?

  • To provide fresh/re-issuable cash balance to branches (correct)
  • To generate tickets for activation of dormant accounts
  • To monitor the daily cash payment requirements of customers
  • To maintain a minimum surplus of five days average of daily payment risk
  • What is the risk associated with branches not maintaining a minimum cash balance?

    <p>Inability to meet daily cash payment requirements</p> Signup and view all the answers

    What is the feature of the FAMI Philippines index?

    <p>It is a market capitalization-weighted index focused on Philippine companies</p> Signup and view all the answers

    What type of risk is excluded from the definition of Operational Risk?

    <p>Strategic risk</p> Signup and view all the answers

    What is the name of the department that handles Operational Risk Management?

    <p>Operational Risk Management Department</p> Signup and view all the answers

    What is the purpose of sending statements of accounts to customers' registered addresses?

    <p>To inform customers of unclaimed deposits</p> Signup and view all the answers

    What is the threshold for the number of instances where branches did not send letters to beneficiaries of unclaimed deposits?

    <p>0</p> Signup and view all the answers

    What is the category type of the Basel II Event Type mentioned in the text?

    <p>Level 1</p> Signup and view all the answers

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