Operational Risk Management in Banking

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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?

Inability to meet daily cash payment requirements Signup and view all the answers

What is the feature of the FAMI Philippines index?

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

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

Strategic risk Signup and view all the answers

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

Operational Risk Management Department Signup and view all the answers

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

To inform customers of unclaimed deposits 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?

0 Signup and view all the answers

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

Level 1 Signup and view all the answers

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?

What is the minimum cash balance that branches are required to maintain?

What is the purpose of Cash Processing Centers/Cash Houses?

What is the risk associated with branches not maintaining a minimum cash balance?

What is the feature of the FAMI Philippines index?

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

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

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

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

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

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