The Probability and Impact Rating System (PAIRS) :
A) determines the response APRA should make to the outcomes of PAIRS ratings.
B) determines the response APRA should make to the outcomes of bank failures.
C) determines the response APRA should make to the outcomes of financial crisis.
D) assesses the probability that a regulated institution will fail and the effect such a failure would have on the financial system.
Correct Answer:
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