________ is developing and coordinating information sharing within the Bank, with the FSA and HM Treasury, and with authorities internationally to ensure future financial crises are handled and managed effectively.

Question

Quizplus · Accepted Answer

Crisis management is the process of developing and coordinating information sharing within an organization and with external stakeholders to prevent and mitigate the impact of future crises. This includes working with regulatory authorities and international organizations to share best practices and lessons learned, and to develop effective strategies for managing financial risk. Risk assessment, risk reduction, and oversight of payment systems are all important components of effective crisis management, but they are not the primary focus of this function.

________ Is Developing and Coordinating Information Sharing Within the Bank