APRA's Supervisory Oversight and Response System (SOARS) Is Designed to Assess

question 23

Multiple Choice

APRA's supervisory oversight and response system (SOARS) is designed to assess the:

• A) likelihood of FI failure.
• B) impact of the FI failure.
• C) impact of FI failure and provide the appropriate supervisory response, which in the case of a low PAIRS probability rating will require restructure.
• D) impact of FI failure and provide the appropriate supervisory response, which in the case of an extreme PAIRS probability rating will require restructure.

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Definitions:

Retain

To keep possession of or continue to have something without letting it go or lose it.

Nontraditional

Refers to attributes, behaviors, pathways, or choices that diverge from societal conventions or historical norms.

Part-Time

Involves working fewer hours than considered full-time employment, often allowing for flexibility in schedules.

Consolidation Stage

A phase of learning or memory formation in which information becomes stable and integrated into long-term memory.