Economics · Basel Corporate Governance Principles
To ensure robust corporate governance and mitigate operational risks, the Basel Committee on Banking Supervision emphasizes that the Chief Risk Officer (CRO) of a banking institution should:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1hold an executive position in commercial lending to balance credit approvals
- 2be responsible exclusively for compliance and external audit coordination without operational oversight
- 3have sufficient organizational stature, independence, and direct access to the Board of Directors✓
- 4report directly to the head of business development to align risk management with revenue targets
Correct answer
have sufficient organizational stature, independence, and direct access to the Board of Directors
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Basel Corporate Governance Principles MCQs →Want more practice questions on Basel Corporate Governance Principles?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Basel Corporate Governance Principles