question archive Which of the following is part of the supervisory activities of APRA? A
Which of the following is part of the supervisory activities of APRA? A
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Which of the following is part of the supervisory activities of APRA?
A. Prudential review is the most important as it provides a detailed assessment of an FI's inherent risks and the adequacy of its risk management controls.
B. Enforcement supervision is not part of APRA supervisory activity as it would involve enforcement teams to specifically intervene in the running of the FI.
C. Entity financial analysis is the FI's own assessment of its financial position.
D. None of the listed options are correct.
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Australian prudential regulation authority is having supervisory activity in respect to prudential review of the risk and adequacy of the risk in association with the management control and detailed assessment, so it will be associating itself with the supervisory activities in respect to the prudential reviews which will determine the inherent risk and adequacy of the risk management control.
All the other statements are false.
Correct answer is option (A) Prudential review is the most important as it provides a detailed assessment of an FI inherent risk and the adequacy of its risk management control.
