Question #17
Reading: Reading 11 Analysis of Financial Institutions
PDF File: Reading 11 Analysis of Financial Institutions.pdf
Page: 6
Status: Incorrect
Correct Answer: B
Your Answer: A
Question
It would be least accurate to state that the Basel Committee:
Answer Choices:
A. monitors adoption and implementation of standards in member jurisdictions
B. develops international regulatory framework for banks
C. has legal authority to enforce compliance with supervision and accountability standards
Explanation
The Basel Committee develops international regulatory framework for banks, and
monitors adoption and implementation in member jurisdictions. However, the Basel
Committee does not have legal authority (i.e., jurisdiction) to enforce compliance.