HKIB ECF-Operational Risk Core Practice Questions - HKIB Enhanced Competency Framework on Operational Risk Management (Core Level) Examination Exam - HKIB ECF-Operational Risk Core Practice Questions - HKIB Enhanced Competency Framework on Operational Risk Management (Core Level) Examination Exam

Question 1

In Hong Kong banking practice aligned with HKMA expectations, which statement best describes the compliance function within the three lines of defence model?

It sits above the three lines and replaces board oversight It is the first line and owns day-to-day business risk-taking decisions It is part of the second line, providing independent oversight of compliance risk It is the third line and provides assurance equivalent to internal audit

Correct Answer:

It is part of the second line, providing independent oversight of compliance risk

Question 2

Which approach to normative ethics holds that moral principles apply universally, regardless of culture or situation?

Utilitarian consequentialism only Agency theory Ethical relativism Ethical absolutism

Correct Answer:

Ethical absolutism

Question 3

A bank’s code of conduct is primarily intended to:

Serve mainly as a public-relations statement with no staff behavioural expectations Replace all external banking laws with internal preferences Set expected standards of ethical behaviour and professional conduct for staff Guarantee that no regulatory breach can ever occur

Correct Answer:

Set expected standards of ethical behaviour and professional conduct for staff

Question 4

Corporate social responsibility (CSR) in banking most closely refers to:

Outsourcing all compliance work to consultants Avoiding disclosure of any ESG information Maximising short-term trading profits without regard to stakeholders Integrating social and environmental responsibilities into how the bank operates and lends

Correct Answer:

Integrating social and environmental responsibilities into how the bank operates and lends

Question 5

The Equator Principles are primarily associated with:

Licensing insurance intermediaries under the Insurance Ordinance Setting Basel capital ratios for trading books Environmental and social risk management standards for project finance Determining HKMA CAMEL ratings

Correct Answer:

Environmental and social risk management standards for project finance

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Prepare with the HKIB ECF-Operational Risk Core Practice Questions - HKIB Enhanced Competency Framework on Operational Risk Management (Core Level) Examination Exam practice quiz. This question bank includes 100 questions covering banking, hong, kong, bank, and hkma. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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HKIB ECF-Operational Risk Core Practice Questions - HKIB Enhanced Competency Framework on Operational Risk Management (Core Level) Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on banking, hong, kong, bank, and hkma. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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HKIB ECF-Operational Risk Core Practice Questions - HKIB Enhanced Competency Framework on Operational Risk Management (Core Level) Examination Exam

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