Business Studies · Banking Ethics and Risk Management
A bank branch manager consistently delegates core statutory compliance duties to an untrained intern, yet claims all professional credit when the internal audit report returns clean. This specific unethical behavior increases the bank's operational risk exposure primarily due to a failure in:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Organizational Fairness and Equity
- 2The strict implementation of the 'four eyes principle'
- 3Due Diligence and Professional Competence✓
- 4Maintaining absolute Client and Breach of Confidentiality
Correct answer
Due Diligence and Professional Competence
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