Explanation:
In regard to (A), (B), and (D), each is FALSE because, except for III., the five considerations are correct. The five design considerations are "I. Aligned to business and risk profiles; II. Integrated with broader risk management frameworks; III. Operational and actionable, but flexible playbook; IV. Inclusive of appropriate stakeholder groups; and V. Supported by a communication plan."¹
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20.12.2. When Acme Bank engaged its staff to develop a sound contingency funding plan (CFP), the bank explicitly included the following five design considerations?
I. Aligned to business and risk profiles
II. Integrated with broader risk management frameworks
III. Theoretical basis for pre-coded instruction set
IV. Inclusive of appropriate stakeholder groups
V. Supported by a communication plan
Although there exists no single, universal contingency funding plan (CFP), each of the bank’s above considerations appears to be correct EXCEPT, which is likely incorrect?
A
I. is incorrect and better is: Aligned to liquidity stress testing framework
B
II. is incorrect and better is: Integrated with economic value added framework
C
III. is incorrect and better is: Operational and actionable, but flexible playbook
D
V. is incorrect and better is: Approved by national supervisor
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