CFA Practice Question

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CFA Practice Question

An example of regulatory collaboration is:

A. containerization
B. Society for Worldwide Interbank Financial Telecommunication (SWIFT)
C. Basel Committee on Banking Supervision (BCBS)
Correct Answer: C

It was established to allow for better supervision of the global banking sector and international capital flows.

A is an example of operational synchronization, and B is an example of process standardization.

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