Complience

Since when is the regulation of banks concentrated to a single regulator?

April 2002

Which of the following statements are correct with respect to the FMA and the OeNB in the field of banking regulation?

FMA -> descisions makring power

FMA makes legal interpretation of

ONB onside inspector (only)

Which of the following institutions are part of the internal control system (ICS)?

Risk Management, AML, Compliance, Internal Audit

Which of the following are bodies of the Austrian system of banking regulation?

Financial Market Authority, Minister of Finance, FMA OeNB, Bank Auditor, Commissionor

What measures are in place to cope with structural banking crisis scenarios in Austria?

Minister of Finance

What is the role of the BMF in the context of financial markets regulation in Austria?

supervision of the supervision, crisis Manager

Which authorities of financial markets regulation exist in the European Union?

European Banking Auhority, European Insurance Authority, Europaen Securities Market Authority

What responsibilities lie with the European authorities of financial markets regulation?

Implementation EU legislation, Publish Results, Individuals Decisions on regulated entities

What role does the ESRB play in the context of European financial markets regulation?

Assess Systemic Risiks of the markets, preparation of macroeconomic countermeasures

Which of the following statements are correct regarding the basic legal framework of the business of banks?

„you cannot mix the business fields", Extensive reporting requirements are placed on the banks (should be 3)

Which of the following statements are correct regarding the ownership of banks?

-

Which requirements are placed on directors of financial institutions?

-

Which requirements are placed on members of supervisory boards of financial institutions?

At least two of them, not involved in any insolvency, 3 years experience, matching education

What are