The CAR Is the Primary Form of Prudential Supervision, Whereas

question 44

True/False

The CAR is the primary form of prudential supervision, whereas efforts by APRA to ensure ADIs are capable of identifying and managing their risks are of secondary importance.

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Definitions:

Product Liability Lawsuit

A legal claim brought against a manufacturer, distributor, or seller for damages or injuries caused by a defective or dangerous product.

Defective

Pertaining to a product or good that fails to meet quality standards or is unfit for its intended use due to flaws or errors.

Defendant's Control

The extent to which a defendant has the ability or power to manage, direct, or influence events or outcomes in a legal case.

Market Share Theory

Product liability theory which holds that when it is impossible to identify the manufacturer of a particular product that caused harm, the plaintiff may sue all manufacturers of the product, with liability apportioned among them on the basis of each one’s market share.