#1
Which regulatory body oversees banks in the United States?
#2
What does AML stand for in the context of regulatory compliance?
Anti-Money Laundering
Anti-Market Loss
Anti-Market Liquidity
Asset Management Liability
#3
Which regulatory body is responsible for overseeing securities exchanges in the United States?
#4
What does the acronym 'GDPR' stand for in the context of regulatory compliance?
Global Data Protection Regulation
General Data Protection Regulation
Government Data Privacy Regulation
Global Digital Privacy Rules
#5
What does the acronym 'SEC' stand for in the context of regulatory compliance?
Securities and Exchange Commission
Security and Exchange Corporation
Securities and Exchanges Committee
Securities and Exchange Cooperation
#6
What does the acronym 'FINRA' stand for in the context of regulatory compliance?
Financial Industry Regulatory Authority
Financial International Regulatory Authority
Financial Investment Regulatory Agency
Financial Intelligence Regulatory Association
#7
Which regulation requires financial institutions to maintain certain levels of liquidity?
MiFID II
Dodd-Frank Act
Basel III
Sarbanes-Oxley Act
#8
What does KYC stand for in the financial industry?
Know Your Customer
Know Your Currency
Know Your Compliance
Know Your Cryptocurrency
#9
What is the purpose of the Volcker Rule?
To regulate cryptocurrency markets
To prevent banks from engaging in certain speculative activities
To regulate insider trading
To establish standards for credit rating agencies
#10
What is the primary goal of the Basel III regulations?
To prevent market manipulation
To increase transparency in financial reporting
To strengthen bank capital requirements
To regulate high-frequency trading
#11
What is the purpose of the Consumer Financial Protection Bureau (CFPB) in the United States?
To regulate credit rating agencies
To oversee mortgage lending practices
To enforce anti-money laundering laws
To regulate insurance companies
#12
What is the purpose of the Financial Action Task Force (FATF)?
To regulate global trade
To combat money laundering and terrorist financing
To enforce tax regulations
To regulate stock exchanges
#13
Which of the following is not a principle of GDPR (General Data Protection Regulation)?
Data Minimization
Data Portability
Data Encryption
Data Integrity
#14
Which of the following is not a requirement under the Sarbanes-Oxley Act (SOX)?
CEO certification of financial statements
Whistleblower protection
Mandatory rotation of audit firms
Requirement for companies to disclose executive compensation
#15
Which of the following is not a requirement under the Payment Card Industry Data Security Standard (PCI DSS)?
Encryption of cardholder data
Regular vulnerability assessments
Annual rotation of CEOs
Implementation of access control measures
#16
What is the primary purpose of the Securities Act of 1933?
To regulate securities exchanges
To prevent insider trading
To ensure full disclosure of information about publicly traded securities
To establish standards for auditing and accounting practices