1.3. Finance Domain

Try these first

1. 1.

   Define regulatory compliance.

   Hint

   Think about the rules that organizations follow.

2. 2.

   What is risk assessment?

   Hint

   Consider how organizations protect themselves from losses.

3. 3.

   What is regulatory compliance?

   • Following laws
   • Ignoring laws
   • Creating new laws

   Hint

   Consider what businesses must do to operate legally.

4. 4.

   True or False: Risk assessment is unnecessary in finance.

   • True
   • False

   Hint

   Think about the reasons why businesses must manage risks.

5. 5.

   Assess a financial organization’s risks related to a new investment strategy and outline a risk management plan.

   Hint

   Consider different angles of risk in a financial setting.

6. 6.

   Develop a compliance checklist for launching a new financial product in the market.

   Hint

   Think about what legal aspects must be covered when introducing a product.