A U.S.-based bank holding company wants to merge with an insurance company. Which organization would be the primary regulator of this organization assuming the merger is allowed?   The International Association of Insurance Supervisors (IAIS) The Consumer Financial Protection Bureau The Financial Stability Oversight Council (FSOC) The Fed NYSE standards for independent directors include which of the following?   Audit committee members must be certified independent auditors Independent directors must have an eight-year cooling-off period with the company Nominating, compensation, and audit committees must be comprised solely of independent directors The board must determine that the director has an immaterial number of the company's shares

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter8: International Cases
Section8.1: Longtop Financial Technologies Limited
Problem 3Q
icon
Related questions
Question
  • A U.S.-based bank holding company wants to merge with an insurance company. Which organization would be the primary regulator of this organization assuming the merger is allowed?

 

  1. The International Association of Insurance Supervisors (IAIS)
  2. The Consumer Financial Protection Bureau
  3. The Financial Stability Oversight Council (FSOC)
  4. The Fed
  • NYSE standards for independent directors include which of the following?

 

  1. Audit committee members must be certified independent auditors
  2. Independent directors must have an eight-year cooling-off period with the company
  3. Nominating, compensation, and audit committees must be comprised solely of independent directors
  4. The board must determine that the director has an immaterial number of the company's shares
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Principles of Corporate Governance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Contemporary Auditing
Contemporary Auditing
Accounting
ISBN:
9781337650380
Author:
KNAPP
Publisher:
Cengage
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Business Its Legal Ethical & Global Environment
Business Its Legal Ethical & Global Environment
Accounting
ISBN:
9781305224414
Author:
JENNINGS
Publisher:
Cengage
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Business/Professional Ethics Directors/Executives…
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage