Banking · Core Banking Solutions and Operational Risk

Consider the following statements regarding operational controls and risk management in a CBS environment: Statement I: The 'System Date' in a CBS can be manually rolled back by a Branch Manager to post a back-dated transaction if a customer provides a valid reason for the delay. Statement II: 'Straight Through Processing' (STP) allows for the automatic credit of incoming RTGS/NEFT transactions to the customer's account without manual intervention if the account number and IFSC are correct. Statement III: In the event of a branch's network failure, 'Offline Mode' allows the branch to continue posting transactions to a local temporary database that will sync with the central server once the connection is restored. Statement IV: 'Role-Based Access Control' (RBAC) ensures that a staff member assigned the 'Cashier' role cannot access the 'Loan Disbursement' or 'NPA Marking' menus in the system. Statement V: The 'Audit Trail' in a CBS is a temporary log that is deleted every 30 days during the EOD process to save storage space on the primary database server. Which of the following statements are correct?