The primary reason that a bank would maintain a separate compliance function is to:
A) Better manage perceived high risks.
B) Strengthen controls over the bank's investments.
C) Ensure the independence of line and senior management.
D) Better respond to shareholder expectations.

Question

Quizplus · Accepted Answer

A separate compliance function helps a bank manage perceived high risks by ensuring adherence to laws, regulations, and internal policies, thereby mitigating potential legal and financial risks.

The Primary Reason That a Bank Would Maintain a Separate