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Which of the following establishes organizational checks and balances with a proper segregation of front, back, and middle office functions for effective risk management?
BABOK v3 10.38.3.4 defines risk response as approach for dealing with a specific risk is selected. Here, the Organization tries to mitigate risk via organizational checks and balances with proper segregation of front, back and middle office functions. Hence, risk response is correct
No risk categories in BABOK V3. There is only 2 :
- Risk analysis and management
- Risk identification
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