Ultimate access to all questions.
Upgrade Now 🚀
Sign in to unlock AI tutor
In the context of financial risk management, specifically concerning operational resilience, what potential advantage does a bank gain by establishing an impact tolerance?
A
It will enhance the bank's ability to identify and limit concentration risk.
B
It will accurately estimate the severity of a potential disruption to an operational process and the amount of downtime that would result.
C
It will help the bank optimize its allocation of resources to its most important business services.
D
It will prevent failures of critical operational processes and the systems that support these processes.
