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

question 35

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:

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective.

Graduate

A person who has successfully completed a course of study or training, especially a person who has been awarded an undergraduate or first academic degree.

Justification

The process or reasoning behind why a claim or action is considered valid or acceptable.

Premise

An assertion or statement that forms the basis for a conclusion in an argument.