Banking CRCM Exam (page: 34)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 12-Aug-2025

Viewing Page 34 of 276

Regulation O both restricts lending to insiders and requires that certain loans to insiders be disclosed. Each banking agency has adopted the provisions of Regulation O for administrative enforcement purposes. These were not found to be useful in preventing insider lending abuse. Regulation O governs which of the following areas major areas:

  1. Lending to insiders
  2. Disclosures of loans made to insiders
  3. Both of these
  4. None of these

Answer(s): C



Regulation O both restricts lending to insiders and requires that certain loans to insiders be disclosed. Each banking agency has adopted the provisions of Regulation O for administrative enforcement purposes. These were not found to be useful in preventing insider lending abuse. Regulation O governs which of the following areas major areas:

  1. Lending to insiders
  2. Disclosures of loans made to insiders
  3. Both of these
  4. None of these

Answer(s): C



Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

  1. Chairman of the board
  2. President
  3. Each vice-president and above (for example, senior vice-president, executive vice- president, and so on)
  4. Brokerage house's vice president

Answer(s): D



Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

  1. Chairman of the board
  2. President
  3. Each vice-president and above (for example, senior vice-president, executive vice- president, and so on)
  4. Brokerage house's vice president

Answer(s): D



Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:

  1. Chairman of the board
  2. President
  3. Each vice-president and above (for example, senior vice-president, executive vice- president, and so on)
  4. Brokerage house's vice president

Answer(s): D



Viewing Page 34 of 276



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LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
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