The corporate treasury in a banking institution, such as JCL bank, is primarily responsible for monitoring the ongoing business, funding, risk, and liquidity profile as part of its Business As Usual (BAU) activities. This involves keeping a close eye on the bank's financial activities and ensuring that the bank has sufficient liquidity to meet its obligations. The corporate treasury also plays a crucial role in managing the bank's financial risks, which includes credit risk, market risk, and operational risk. By monitoring these aspects, the corporate treasury can help the bank maintain financial stability and avoid potential financial crises. This role is critical in ensuring the bank's long-term sustainability and success.

Choice A is incorrect. While the corporate treasury does provide advice and counsel, it is not its primary responsibility. The main role of the corporate treasury in a banking institution is to manage financial risks and ensure financial stability, which includes monitoring ongoing business, funding risk, and liquidity profile.

Choice C is incorrect. Providing recommendations on Contingency Funding Plan (CFP) actions may be part of the responsibilities of the corporate treasury but it's not its primary duty. The main function revolves around managing financial risks and ensuring stability.

Choice D is incorrect. Although oversight of Liquidity Contingency Teams (LCT) and consultation with the board of directors are important tasks performed by the corporate treasury, they do not constitute its primary responsibilities. The core duties involve managing financial risks including monitoring ongoing business activities, funding risk, and liquidity profile.

Things to Remember

• Corporate Treasury plays a crucial role in managing financial risks such as credit risk, market risk, and operational risk.
• Monitoring ongoing business activities, funding risk, and liquidity profile is a key responsibility of the corporate treasury.
• Contingency Funding Plan (CFP) actions may be part of the responsibilities of the corporate treasury.