The Board of the Bank had set the tolerance levels for
the interest rate risk. The bank assesses and monitors the risk against the guidelines. Who should they report to about any deviations?
ARBI GovernorCorrect AnswerIncorrect Answer
BBank’s CEOCorrect AnswerIncorrect Answer
CBoard of directorsCorrect AnswerIncorrect Answer
DBank’s CFOCorrect AnswerIncorrect Answer
EFinance MinisterCorrect AnswerIncorrect Answer
Solution
The Board of Directors are responsible for monitoring and assessing the risks of the Bank, setting tolerance levels of risk and take corrective actions, when required.
