Compliance Governance Structure
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 81 rapid-fire Q&A cards.
What are the five tiers of RBI's mandated compliance architecture in commercial banks?
Board → ACB → MD/ED → Independent Compliance Dept (CCO) → Field-level setup.
Who must the CCO report to directly?
MD & CEO and/or Board/ACB. Direct reporting line is non-negotiable.
What is the rule for ACB meetings with the CCO?
Quarterly one-to-one meetings without MD/CEO or senior management present—preserves independence.
Where do Regional/Zonal Compliance Officers report?
Directly to the CCO at Central Office, not to their host RO/ZO Head.
What is the minimum rank for the CCO?
Senior executive in rank of General Manager (GM) or equivalent.
Can compliance staff undertake audit or inspection duties?
No. Creates conflict of interest; strictly prohibited under RBI guidelines.
What is the mandatory review frequency for the compliance function?
Independent review at least once in 3 years; quarterly Board review; annual implementation status review.
How long must new products be monitored for compliance risk?
Intensively monitored for 6 months from introduction to ensure compliance parameters met.
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