Quarterly Cic Division Call Quiz

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| By Bgoldberg408
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Bgoldberg408
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Quizzes Created: 1 | Total Attempts: 82
| Attempts: 82
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  • 1/10 Questions

    Who is the head of the New York State Department of Financial Services?

    • Timothy Geithner
    • Benjamin Lawsky
    • Ben Bernanke
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About This Quiz

This quiz assesses knowledge on subsidiaries, regulatory bodies, and main activities of Banco Santander, including its influence in media and client demographics. It is essential for understanding corporate compliance and financial operations within the banking sector.

Quarterly Cic Division Call Quiz - Quiz

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  • 2. 

    Which show's introduction features Banco Santander International's headquarters?

    • CSI: Miami

    • Dexter

    • Hard Knocks: Miami Dolphins

    • Burn Notice

    Correct Answer
    A. CSI: Miami
    Explanation
    The correct answer is CSI: Miami. The show's introduction features Banco Santander International's headquarters.

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  • 3. 

    Which agency regulates Banco Santander New York's Branch?

    • Office of the Comptroller of the Currency (OCC)

    • Consumer Financial Protection Bureau (CFPB)

    • Federal Reserve Bank of New York (FRBNY)

    • Financial Industry Regulatory Authority (FINRA)

    Correct Answer
    A. Federal Reserve Bank of New York (FRBNY)
    Explanation
    The Federal Reserve Bank of New York (FRBNY) regulates Banco Santander New York's Branch. The FRBNY is responsible for supervising and regulating banking institutions in the Second Federal Reserve District, which includes New York. As a branch of Banco Santander, which is a banking institution, it falls under the jurisdiction of the FRBNY for regulatory purposes. The FRBNY ensures that banks operate in a safe and sound manner and comply with applicable laws and regulations.

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  • 4. 

    Standard and Poor's recently changed HSBC's rating to:

    • Positive

    • Stable

    • Negative

    Correct Answer
    A. Negative
    Explanation
    HSBC's rating being changed to "Negative" by Standard and Poor's indicates a downgrade in HSBC's creditworthiness. This change suggests that there may be concerns about HSBC's financial stability and ability to meet its financial obligations in the future. It could be due to factors such as declining profitability, increased risk exposure, or other negative developments in the bank's operations. This change in rating may impact HSBC's borrowing costs and investor confidence in the bank.

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  • 5. 

    Banco Santander New York's main activities include which of the following?

    • Treasury Derivative Trading

    • Private Banking

    • Retail Banking

    • A and C

    Correct Answer
    A. Treasury Derivative Trading
    Explanation
    Banco Santander New York's main activities include Treasury Derivative Trading. This means that the bank engages in the buying and selling of financial instruments, such as options, futures, and swaps, that are based on underlying assets like bonds, currencies, and commodities. This activity allows the bank to manage its own risk and provide services to clients who want to hedge their exposure to market fluctuations. Private banking and retail banking are not mentioned as main activities, so they are not included in the answer.

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  • 6. 

    What does SCRA stand for?

    • Service Civil Rights Act

    • Standard Consumer Regulatory Authority

    • Servicemembers Civil Relief Act

    • Standard Credit Reporting Agency

    Correct Answer
    A. Servicemembers Civil Relief Act
    Explanation
    The correct answer is Servicemembers Civil Relief Act. The SCRA is a federal law that provides various protections to active-duty military personnel. It aims to ease the financial and legal burdens faced by servicemembers, such as reducing interest rates on loans, preventing eviction from rental properties, and delaying civil court proceedings. This act ensures that servicemembers can focus on their duties without worrying about legal and financial matters back home.

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  • 7. 

    How many auto dealerships does SCUSA work with?

    • 1,000-2,000

    • 2,001-9,999

    • 10,000-20,000

    • 20,000+

    Correct Answer
    A. 10,000-20,000
    Explanation
    SCUSA works with 10,000-20,000 auto dealerships.

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  • 8. 

    What is not component of SCUSA's BSA/AML program?

    • Know Your Customer (KYC)

    • Customer Identification Program (CIP)

    • Suspicious Activity Reporting

    • ID Theft Red Flags

    Correct Answer
    A. ID Theft Red Flags
    Explanation
    ID Theft Red Flags is not a component of SCUSA's BSA/AML program. The BSA/AML program focuses on preventing money laundering and terrorist financing by implementing measures such as Know Your Customer (KYC) to verify the identity of customers, Customer Identification Program (CIP) to collect customer information, and Suspicious Activity Reporting to identify and report suspicious transactions. However, ID Theft Red Flags specifically refers to identifying and preventing identity theft, which is not directly related to money laundering or terrorist financing.

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  • 9. 

    Which entity is a subsidiary of Santander Securities?

    • Santander Securities LLC

    • Banco Santander Puerto Rico

    • Island Finance

    • Santander Asset Management Corporation

    Correct Answer
    A. Santander Asset Management Corporation
    Explanation
    Santander Asset Management Corporation is a subsidiary of Santander Securities because it shares the same parent company, Santander. As a subsidiary, Santander Asset Management Corporation operates under the control and ownership of Santander Securities, making it a part of the larger Santander Securities organization.

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  • 10. 

    In which countries do the largest number of Banco Santander International's clients live?

    • Columbia, Venezuela, North Korea

    • Mexico, Argentina, Brazil

    • Argentina. Mexico, Venezuela

    • Venezuela, Argentina, China

    Correct Answer
    A. Argentina. Mexico, Venezuela
    Explanation
    The largest number of Banco Santander International's clients live in Argentina, Mexico, and Venezuela.

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  • Current Version
  • Oct 18, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Sep 01, 2012
    Quiz Created by
    Bgoldberg408
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