As to General Risk Management Principles, the Model Code Mentions

question 297

Multiple Choice

As to general risk management principles, the Model Code mentions that the organizationalstructure should ensure independent risk management and controls. Which one of the following is not among those controls?

• A) open and effective communication channels between all levels of staff and cross-functions should be maintained.
• B) regular internal audits should be carried out together with trading and risk management to ensure early identification of internal control weaknesses
• C) complete segregation of duties between the front, middle and back office activities
• D) a separate system for independent monitoring to ensure compliance with the risk management framework should be in place

Identify and explain the limitations on monetary damages in contract law.

Understand the conditions under which a court will enforce or refuse to enforce a liquidated damage clause.

Determine the situations where specific performance is an appropriate remedy.

Understand what interests are protected by remedies for breach of contract.

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Definitions:

Standard Deviation

A tool for measuring how far apart or closely grouped a set of numerical entries are.

Model Appropriate

The suitability of a statistical model in accurately representing the data and addressing the research question.

Classified Ads

Short advertisements placed in newspapers or online platforms, sorted into categories.

Age

The length of time that a person or object has existed since its beginning or birth.