Choose the Correct Answer

question 67

Multiple Choice

Choose the correct answer:

• A)The purpose of Pillar 1 is to encourage market discipline through an information disclosure framework covering capital, capital adequacy, risk exposures and risk assessment processes.
• B)The purpose of Pillar 2 is to encourage market discipline through an information disclosure framework covering capital, capital adequacy, risk exposures and risk assessment processes.
• C)The purpose of Pillar 3 is to encourage market discipline through an information disclosure framework covering capital, capital adequacy, risk exposures and risk assessment processes.
• D)None of the listed options are correct.

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Definitions:

Vendor

An individual or company that sells goods or services to individuals, businesses, or governmental entities.

Cloud Computing

Offering a range of services via the internet, including but not limited to data storage, servers, databases, networking, and software.

Centralized Location

A singular, specific location where operations, processes, or functions are concentrated, often to streamline management and coordination.

As-A-Service

A business model where products, software, or services are provided to customers through the internet, typically on a subscription basis.