CQIB - Banking Fundamentals Exam
Profession and Professionalism
Adherence to codes of values and conduct
Professionals are subject to disciplinary and reputational consequences for
non- compliances to standards of behavior
A profession is relied on by the public
Which of the common approaches to ethics considers that the right thing to do
is your duty
Deontology
FINSIA code of conduct values
Respect is one of FINSIA values
Money laundering - Layering
Layering means moving, dispersing or disguising illegal funds or assets to
conceal their true origin
Which of the following initiatives were identified as part of the Better Banking
Program
Protecting Whistleblowers
Independent review of the Code of Banking Practice
,Independent review of the code of banking practice resulted in which ket
recommendations
Further support for whistleblowers
Removing Individuals from the industry for poor conduct
Under the Corporations ACT 2001 what is a Retail client
Invests under $500K
What is the process of underwriting called
Selection
How many days prior to the policy renewal date must an insurer tell the
policyholder whether its is prepared to renew the contract
14 days
What distinct advantage do farm management deposit accounts offer farmers
compared to other account types
Primary producers can set aside pre tax income as a cash reserve
Retirement savings accounts
investments returns Tend to be low
What is the second stage of complaints handling
Obtain all the relevant facts
,At which stage of the life cycle are people most likely to have high levels of debt
Family
Before giving general advice to customer, what document must you provide to
them
Financial Services Guide
In addition to the formal procedures required when assessing a loan , What
Honesty
Trustworthiness
Reliability, Stability and Dependability
Integrity
Security Types that are relatively easy to value
Commercial
Property
Residential
Property Listed
Shares
What are the 4C of credit?
character
capacity
capital
conditions
, to Comply with requirements laid down by APRA a Banks residential mortgage
lending must not exceed what annual growth percentage
10%
Apart from risk What can effect interest rates
The Loan Term
The amount of overall borrowings
The number of depemndants of the borrowers
A good security can be characterised by
The simplicity of ownership
Stability of value
Location
In the three lines of defence model , which actions will be undertaken by internal
audit
Provide objective assessment and offer assurance
Provide an Independent perspective and challenge as needed
Banking Executive Accountability regime has been extended to include all
APRA regulated entities , what is this now called
Financial Accountability Regime
To be effective a key risk indicator must be what ?
Comparable
Profession and Professionalism
Adherence to codes of values and conduct
Professionals are subject to disciplinary and reputational consequences for
non- compliances to standards of behavior
A profession is relied on by the public
Which of the common approaches to ethics considers that the right thing to do
is your duty
Deontology
FINSIA code of conduct values
Respect is one of FINSIA values
Money laundering - Layering
Layering means moving, dispersing or disguising illegal funds or assets to
conceal their true origin
Which of the following initiatives were identified as part of the Better Banking
Program
Protecting Whistleblowers
Independent review of the Code of Banking Practice
,Independent review of the code of banking practice resulted in which ket
recommendations
Further support for whistleblowers
Removing Individuals from the industry for poor conduct
Under the Corporations ACT 2001 what is a Retail client
Invests under $500K
What is the process of underwriting called
Selection
How many days prior to the policy renewal date must an insurer tell the
policyholder whether its is prepared to renew the contract
14 days
What distinct advantage do farm management deposit accounts offer farmers
compared to other account types
Primary producers can set aside pre tax income as a cash reserve
Retirement savings accounts
investments returns Tend to be low
What is the second stage of complaints handling
Obtain all the relevant facts
,At which stage of the life cycle are people most likely to have high levels of debt
Family
Before giving general advice to customer, what document must you provide to
them
Financial Services Guide
In addition to the formal procedures required when assessing a loan , What
Honesty
Trustworthiness
Reliability, Stability and Dependability
Integrity
Security Types that are relatively easy to value
Commercial
Property
Residential
Property Listed
Shares
What are the 4C of credit?
character
capacity
capital
conditions
, to Comply with requirements laid down by APRA a Banks residential mortgage
lending must not exceed what annual growth percentage
10%
Apart from risk What can effect interest rates
The Loan Term
The amount of overall borrowings
The number of depemndants of the borrowers
A good security can be characterised by
The simplicity of ownership
Stability of value
Location
In the three lines of defence model , which actions will be undertaken by internal
audit
Provide objective assessment and offer assurance
Provide an Independent perspective and challenge as needed
Banking Executive Accountability regime has been extended to include all
APRA regulated entities , what is this now called
Financial Accountability Regime
To be effective a key risk indicator must be what ?
Comparable
