Câu 17: Advanced CAMS - Audit

The de-risking activities of big banks led to the termination of correspondent banking relationships with hundreds of foreign banks. As a result, XYZ Bank has received several applications for correspondent banking relationships from various foreign banks. The demand for cross-border correspondent banking relationships substantially increased its foreign bank clients. XYZ Bank’s senior management is happy with the development. Although the board of directors is very vocal on its stance against unwarranted de-risking, it has stated that the bank should only take on manageable risk with respect to correspondent banking. In view of this material change, a review of the risks of correspondent banking is prioritized by the internal audit department. Considering recent changes in the bank’s correspondent banking business, which is the most important risk indicator for the internal auditor to review?

1. A. The management and ownership of the respondent bank
2. B. The jurisdiction in which the respondent bank is located — đáp án hiện tại
3. C. The purpose of the services provided to the respondent bank
4. D. The major business activities of the respondent bank