Financial Institutions – NBC Institute

CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

Question

Exposure to a variety of risks may affect the ability to achieve corporate objectives, thereby making risk management a corporate governance issue. Risk reports enable stakeholders to evaluate the importance attached to risk management and the company’s effectiveness in managing identified risks. Therefore, risk reports boost shareholders’ confidence that the company has adopted a responsible attitude towards risk.

As part of the regulatory framework to manage risk, the Securities and Exchange Commission (SEC) provided several guidelines for rules and content of effective risk reports.

Required:

a. Discuss the regulatory risk management provisions by SEC in Nigeria. (10 Marks)

b. Analyse the components of effective risk reports and state the benefits of their application to financial institutions in Nigeria. (10 Marks)

Answer

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Tags: Corporate Governance, Financial Institutions, Risk Management, Risk Reports, SEC Guidelines
Level: Level 3

Topic: Regulatory Environment for Corporate Reporting

BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

Question

The Money Laundering (Prohibition) Act requires financial institutions to keep special surveillance on some transactions.

Required:
State TWO transactions that require the special surveillance of financial institutions. (4 Marks)

Answer

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Tags: Compliance, Financial Institutions, Financial Transactions, Money laundering, Special Surveillance
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2024

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

Question

Mike Kotex, a resident individual, received interest from the following:

Source	Amount (GH¢)
Resident Financial Institution	10,000
Pearl Micro-Finance	9,000
ABC Ltd – Oil Marketing Company	8,000

Required:
Compute the taxes payable on the payments to Mike Kotex and comment on the payment of interest by ABC Ltd to Mike Kotex. (4 marks)

Answer

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Tags: Financial Institutions, Interest, Resident Individual, Withholding Tax
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2020

CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

Question

As part of the regulatory framework to manage risk, the Securities and Exchange Commission (SEC) provided several guidelines for rules and content of effective risk reports.

Required:

a. Discuss the regulatory risk management provisions by SEC in Nigeria. (10 Marks)

b. Analyse the components of effective risk reports and state the benefits of their application to financial institutions in Nigeria. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Financial Institutions, Risk Management, Risk Reports, SEC Guidelines
Level: Level 3

Topic: Regulatory Environment for Corporate Reporting

BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

Question

The Money Laundering (Prohibition) Act requires financial institutions to keep special surveillance on some transactions.

Required:
State TWO transactions that require the special surveillance of financial institutions. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance, Financial Institutions, Financial Transactions, Money laundering, Special Surveillance
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2024

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

Question

Mike Kotex, a resident individual, received interest from the following:

Source	Amount (GH¢)
Resident Financial Institution	10,000
Pearl Micro-Finance	9,000
ABC Ltd – Oil Marketing Company	8,000

Required:
Compute the taxes payable on the payments to Mike Kotex and comment on the payment of interest by ABC Ltd to Mike Kotex. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Institutions, Interest, Resident Individual, Withholding Tax
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2020

Question Tag: Financial Institutions

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CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

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Question Tag: Financial Institutions

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CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

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BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

You're reporting an error for "BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking"

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

You're reporting an error for "PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration"

CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting

Discuss SEC risk management provisions and analyse components of effective risk reports and their benefits to financial institutions.

You're reporting an error for "CR – Dec 2020 – L3 – Q3 – Regulatory Environment for Corporate Reporting"

BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking

This question asks candidates to state two types of transactions that require special surveillance under the Money Laundering (Prohibition) Act.

You're reporting an error for "BL – May 2024 – L1 – SB – Q5c – Law Relating to Banking"

PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration

Compute withholding tax on interest payments received by a resident individual.

You're reporting an error for "PT – Nov 2020 – L2 – Q5c – Withholding Tax Administration"

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