Final Questionnaire

What does compliance at credit institutions involve? Which statements are correct?

Please select 3 correct answers

Is essentially limited to traditional issues such as the prevention of money laundering, terrorist financing and other criminal activities.

Also refers to the requirements of the regulatory authorities.

Means compliance with all laws, regulations, guidelines, contractual obligations and voluntary commitments.

Has an important function in the new product process (NPP) and in the settlement of transactions.

Correct! Wrong!

Who controls the so-called "significant" institutions?

Basel Committee on Banking Supervision

Financial Stability Board (FSB)

Federal Financial Supervisory Authority (BaFin)

European Central Bank (ECB)

Correct! Wrong!

How does the Compliance Department fulfill its tasks?

Please select 2 correct answers

Monitors and supports the other departments in complying with regulations and laws.

Submits the compliance report directly to the Supervisory Board

It´s closely linked to the internal audit department.

Is independent.

Correct! Wrong!

How do the special accounting rules for financial institutions come about?

Please select 3 correct answers

From strong regulation.

From the special transactions of credit institutions.

From the special economic significance of the banks.

From EU enlargement.

Correct! Wrong!

A derivative is a financial instrument...

Please select 2 correct answers

which will be fulfilled only in the future.

which is generally recognised in the balance sheet under the German Trading Act.

A derivative is a financial instrument whose fair value generally reacts to changes in the value of a market-related reference value accounting (underlying).

where the acquisition costs are not incurred or are incurred only to a very limited extent.

Correct! Wrong!

BaFin requires an SREP surcharge of 0.25-0.5% additional equity because the minimum requirements for corporate governance are not met. What can you do in the supervisory board to prevent or reverse an SREP surcharge?

I'll leave the reaction to the management board. It's up to them!

Nothing at all. BaFin can decide whatever it wants.

I demand that my Chairman of the Supervisory Board contact BaFin and clarify the reasons for the SREP surcharge.

I suggest we take legal action against BaFin because the SREP surcharge is a chicanery.

Correct! Wrong!

At what level of shareholding in a credit institution is a company subject to control by BaFin?

from 20% upwards

from 30% upwards

at every investment

from 10% upwards

Correct! Wrong!

What requirements must a member of the supervisory board of a CRR institute of "significant importance" meet according to Section 25d KWG?

Please select 3 correct answers

He must, in cooperation with other members of the supervisory body, have the necessary expertise to carry out the supervisory function and to assess and monitor the business conducted by the company concerned.

Unless he is otherwise a director, he may not, in principle, be a member of the supervisory body of more than four companies.

He may not be a director in another company.

He must devote sufficient time to the performance of his duties.

Correct! Wrong!

What is evaluated in the Supervisory Review and Evaluation Process (SREP)?

Please select 4 correct answers

Governance

Personal relations with BaFin

Business model

Liquidity and refinancing risk

Cashflow Analysis

Risk culture as part of the corporate culture

Correct! Wrong!

Which of these committees must be formed by the supervisory board of a CRR institute of "considerable importance"?

Please select 3 correct answers

Remuneration Control Committee

Personnel Committee

Risk Committee

Nominations Committee

Correct! Wrong!

How does the Supervisory Board behave in a compliant manner?

Each member is reviewed once a year by the Compliance Department.

Each member should view the Compliance Report and form his or her own opinion.

Only the Chairman of the Supervisory Board is informed about compliance violations.

Correct! Wrong!

What applies to the purchase of insurance against the personal liability of supervisory board members?

Please select 2 correct answers

A deductible is often agreed.

With a D&O insurance policy I no longer have to worry about my liability.

The conclusion of such insurance by the Company is not permitted.

Such insurance often does not cover cases of gross negligence.

Correct! Wrong!

What does compliance at credit institutions involve? Which statements are correct?

Who controls the so-called "significant" institutions?

How does the Compliance Department fulfill its tasks?

How do the special accounting rules for financial institutions come about?

A derivative is a financial instrument...

BaFin requires an SREP surcharge of 0.25-0.5% additional equity because the minimum requirements for corporate governance are not met. What can you do in the supervisory board to prevent or reverse an SREP surcharge?

At what level of shareholding in a credit institution is a company subject to control by BaFin?

What requirements must a member of the supervisory board of a CRR institute of "significant importance" meet according to Section 25d KWG?

What is evaluated in the Supervisory Review and Evaluation Process (SREP)?

Which of these committees must be formed by the supervisory board of a CRR institute of "considerable importance"?

How does the Supervisory Board behave in a compliant manner?

What applies to the purchase of insurance against the personal liability of supervisory board members?

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