7/21/25, 10:20 PM CQiB | Professional Banking Fundamentals - topic 2 COMPREHENSIVE questions answered, 2025 verified graded A+ already pa…
CQiB | Professional Banking Fundamentals -
topic 2 COMPREHENSIVE questions answered,
2025 verified graded A+ already passed!
Save
Terms in this set (41)
1. protect consumer rights
What are the 3 regulatory
2. maintain confidence in the financial system
objectives?
3. reduce risk in systemic failure
is legislation (or law) passed by parliament which sets
What is an Act
out the broad legal/policy priciples
what are regulations, rules guidelines to indicate how the provisions of the act
or codes are implied
RBA
what are the 3 main
ASIC
regulators in Australia
APRA
responsible for the monetary policy, overall stability
what is the RBA
of the financial system and regulation of the payments
responsibilities
system.
what are ASIC's responsibility for market integrity or consumer
responsibilities protection across the financial system
responsibility for prudential supervision of banks,
what are APRA's
building societies, life & general insurance, companies
responsibilities
and superannuation funds
https://quizlet.com/1061497998/cqib-professional-banking-fundamentals-topic-2-comprehensive-questions-answered-2025-verified-graded-a-already-p… 1/6
, 7/21/25, 10:20 PM CQiB | Professional Banking Fundamentals - topic 2 COMPREHENSIVE questions answered, 2025 verified graded A+ already pa…
what are the ways to stay review financial press
up to date with regulatory staff training
changes in banking websites - RBA, ASIC, APRA, ACC & Austrac
ASX Clear
what are the 4 clearing ASX clear (futures)
and settlement systems Austraclear
CHESS
what year are the Acts that RBA - 1959
each of the 3 regulators APRA - 1959 & 1998
comply to? (APRA, ASIC & ASIC - 2001
RBA)
when was the new December 2014
payments platform
formed?
manage monetary policy in Aus
what are the main
stabilise currency
functions of the RBA and
manage unemployment
how does it promote
Economic prosperity and welfare of Aus people
financial stability?
responsible for the payment systems
what does the AFSL stand Australian financial services license
for?
product value > $500K
income over $250K for 2 financial years
what are the 6 reasons
>$2.5M in assets
someone is classes as a
professional investor
wholesale client
business with >100 employees
sophisticated investor
licensing obligation
financial product advice and dealing
disclosure
what are the 7 obligations
training of financial product advisors
with a AFSL?
organisational competency
dispute resolution
breach reporting
https://quizlet.com/1061497998/cqib-professional-banking-fundamentals-topic-2-comprehensive-questions-answered-2025-verified-graded-a-already-p… 2/6
CQiB | Professional Banking Fundamentals -
topic 2 COMPREHENSIVE questions answered,
2025 verified graded A+ already passed!
Save
Terms in this set (41)
1. protect consumer rights
What are the 3 regulatory
2. maintain confidence in the financial system
objectives?
3. reduce risk in systemic failure
is legislation (or law) passed by parliament which sets
What is an Act
out the broad legal/policy priciples
what are regulations, rules guidelines to indicate how the provisions of the act
or codes are implied
RBA
what are the 3 main
ASIC
regulators in Australia
APRA
responsible for the monetary policy, overall stability
what is the RBA
of the financial system and regulation of the payments
responsibilities
system.
what are ASIC's responsibility for market integrity or consumer
responsibilities protection across the financial system
responsibility for prudential supervision of banks,
what are APRA's
building societies, life & general insurance, companies
responsibilities
and superannuation funds
https://quizlet.com/1061497998/cqib-professional-banking-fundamentals-topic-2-comprehensive-questions-answered-2025-verified-graded-a-already-p… 1/6
, 7/21/25, 10:20 PM CQiB | Professional Banking Fundamentals - topic 2 COMPREHENSIVE questions answered, 2025 verified graded A+ already pa…
what are the ways to stay review financial press
up to date with regulatory staff training
changes in banking websites - RBA, ASIC, APRA, ACC & Austrac
ASX Clear
what are the 4 clearing ASX clear (futures)
and settlement systems Austraclear
CHESS
what year are the Acts that RBA - 1959
each of the 3 regulators APRA - 1959 & 1998
comply to? (APRA, ASIC & ASIC - 2001
RBA)
when was the new December 2014
payments platform
formed?
manage monetary policy in Aus
what are the main
stabilise currency
functions of the RBA and
manage unemployment
how does it promote
Economic prosperity and welfare of Aus people
financial stability?
responsible for the payment systems
what does the AFSL stand Australian financial services license
for?
product value > $500K
income over $250K for 2 financial years
what are the 6 reasons
>$2.5M in assets
someone is classes as a
professional investor
wholesale client
business with >100 employees
sophisticated investor
licensing obligation
financial product advice and dealing
disclosure
what are the 7 obligations
training of financial product advisors
with a AFSL?
organisational competency
dispute resolution
breach reporting
https://quizlet.com/1061497998/cqib-professional-banking-fundamentals-topic-2-comprehensive-questions-answered-2025-verified-graded-a-already-p… 2/6
