19-93 Which of the following considerations was not imposed by FDICIA in an attempt to increase regulatory discipline?
A) The act required improved accounting standards for banks.
B) The act forbids the use of brokered deposits.
C) The act required an annual on-site examination of every bank.
D) The act gave private accountants a greater role in monitoring a bank's performance.
E) The act produced prompt corrective action capital zones based on observable rules rather than discretion of examiners.
Correct Answer:
Verified
Q92: 19-85 The federal safety net to minimize
Q93: 19-91 The FDIC establishes risk-based deposit insurance
Q94: 19-97 Why are credit unions less affected
Q95: 19-87 The FDICIA of 1991 strengthened the
Q96: 19-95 The costs to the bank of
Q98: 19-98 What is the market value of
Q99: 19-88 Which of the following is not
Q100: 19-86 The insolvency of the FSLIC occurred
Q101: 19-102 What is the current net worth
Q102: 19-104 What is the cost to the
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