Questionnaire V | Directors Academy

What does compliance at credit institutions involve?

Please select 3 correct answers

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

Compliance 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.

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

Correct! Wrong!

How does the Compliance Department fulfill its tasks?

Please select 2 correct answers

How does the Compliance Department fulfill its tasks?

It´s closely linked to the internal audit department.

It's independent.

It monitors and supports the other departments in complying with regulations and laws.

Correct! Wrong!

How does the Supervisory Board behave in a compliant manner?

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

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

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

By intervening in the business in case of possibly risky or non-compliant business decisions.

Correct! Wrong!

Which are the main contents of the Institutsvergütungsverordnung (Institute Remuneration Ordinance)?

The remuneration of employees

The remuneration of executive board members and employees

Only the remuneration of executive board members

Only the remuneration of executive and non-executive/supervisory board members

Correct! Wrong!

What is subject of the Institutsvergütungsverordnung ( Institute Remuneration Ordinance)?

Please select 3 correct answers

Ratio of remuneration for employees and executive board members

Appropriateness of remuneration and remuneration systems

Ratio of variable remuneration to fixed remuneration

Alignment with the strategy of the institute

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Which special requirements apply to variable remuneration at major institutions?

Please select 3 correct answers

It must be dependent on the overall success of the institute.

It must be retrievable in case of misconduct.

It must be proportionately higher than for non-significant institutions.

It must be stretched over at least three years.

Correct! Wrong!