10 Questions
What is the primary purpose of branches generating tickets for activation of dormant accounts?
To ensure timely delivery of semi-annual statements of accounts to customers
What is the minimum cash balance that branches are required to maintain?
One day's fresh/re-issuable cash balance
What is the purpose of Cash Processing Centers/Cash Houses?
To provide fresh/re-issuable cash balance to branches
What is the risk associated with branches not maintaining a minimum cash balance?
Inability to meet daily cash payment requirements
What is the feature of the FAMI Philippines index?
It is a market capitalization-weighted index focused on Philippine companies
What type of risk is excluded from the definition of Operational Risk?
Strategic risk
What is the name of the department that handles Operational Risk Management?
Operational Risk Management Department
What is the purpose of sending statements of accounts to customers' registered addresses?
To inform customers of unclaimed deposits
What is the threshold for the number of instances where branches did not send letters to beneficiaries of unclaimed deposits?
0
What is the category type of the Basel II Event Type mentioned in the text?
Level 1
This quiz covers the definition and management of operational risk in banks, including key risk indicators, control indicators, and mitigation strategies. It also explores the roles of process owners and control owners in minimizing losses. Test your knowledge of operational risk management in the banking industry.
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