The bank licensees must maintain adequate human, financial and other resources sufficient to run their business in an orderly manner: LO2

 The duty of loyalty of an approved person does not include a duty notto use property of the I bank licensee for his/her personal needs like his ownproperty: LO3

   When a written application is presented to the CBB to obtain the license of  bank, there are some requirements to be included except the business plan to be conducted: LO3

  As an employee of a financial Institution, it is always helpful to consistently update oneself on the latest regulatory requirements. LO2

The CBB has the authority to amend or revoke a license of a bank: LO1

All Bahraini  retail bank licensees must maintain a minimum total shareholders’ equity of LO3

Providing full disclosure of all relevant information to customers is:LO3

bank licensees must have an independent and effective compliance function and it must be headed by an executive or senior staff, this compliance function and its activities: LO3

After the license is issued, within the following six months, the bank must provide the CBB the following except: LO3

The banking profession is highly regulated, therefore the issue of conflict of interest is: LO3

  The CBB has the following duties and powers except: LO1

The various Board of Directors’ Committees such as Remuneration, Nominating and Risk Committees are established by: LO1

As per the Article 129 of the amendment to the CBB Law, the maximum financial penalty levied for failing to comply with CBB Law, Regulations, Directives and other requirements is: LO4

All Islamic bank licensee’s in Bahrain must comply with Shari’a principles, in doing so, they must: LO3

Before imposing any penalties or administrative proceedings upon the Licensee, the CBB must deliver to the Licensee a written notice. Upon receipt of the notice the licensee: LOS

Bahraini bank licensees must be headed by an effective Board of Directors, if however the Board decides to delegate its responsibilities:  LO3

Controlled functions include the following except: LO3

In deciding the appropriate enforcement response, the CBB will take into account the following aspects:LO5

A bank does not carry on an activity constituting a regulated banking service: LO3

The CBB has the following duties and powers except: LO1