Question: The primary reason that a bank would maintain a separate compliance function is to: (a) Better manage perceived high risks. (b) Strengthen controls over the

The primary reason that a bank would maintain a separate compliance function is to:

(a) Better manage perceived high risks.

(b) Strengthen controls over the bank’s investments.

(c) Ensure the independence of line and senior management.

(d) Better respond to shareholder expectations.

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