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
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
Chapter8: International Cases
Section8.1: Longtop Financial Technologies Limited
Problem 3Q
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- 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
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