Quarterly Cic Division Call Quiz

Benjamin Lawsky is the correct answer because he was the head of the New York State Department of Financial Services. Lawsky served as the superintendent of the department from 2011 to 2015. During his tenure, he played a significant role in regulating and overseeing financial institutions in the state of New York. Lawsky implemented various reforms to enhance consumer protection and address issues such as cybersecurity and money laundering. His leadership and expertise in the financial services sector make him the appropriate choice for this position.

The correct answer is CSI: Miami. The show's introduction features Banco Santander International's headquarters.

The Federal Reserve Bank of New York (FRBNY) regulates Banco Santander New York's Branch. The FRBNY is responsible for supervising and regulating banking institutions in the Second Federal Reserve District, which includes New York. As a branch of Banco Santander, which is a banking institution, it falls under the jurisdiction of the FRBNY for regulatory purposes. The FRBNY ensures that banks operate in a safe and sound manner and comply with applicable laws and regulations.

HSBC's rating being changed to "Negative" by Standard and Poor's indicates a downgrade in HSBC's creditworthiness. This change suggests that there may be concerns about HSBC's financial stability and ability to meet its financial obligations in the future. It could be due to factors such as declining profitability, increased risk exposure, or other negative developments in the bank's operations. This change in rating may impact HSBC's borrowing costs and investor confidence in the bank.

Banco Santander New York's main activities include Treasury Derivative Trading. This means that the bank engages in the buying and selling of financial instruments, such as options, futures, and swaps, that are based on underlying assets like bonds, currencies, and commodities. This activity allows the bank to manage its own risk and provide services to clients who want to hedge their exposure to market fluctuations. Private banking and retail banking are not mentioned as main activities, so they are not included in the answer.

The correct answer is Servicemembers Civil Relief Act. The SCRA is a federal law that provides various protections to active-duty military personnel. It aims to ease the financial and legal burdens faced by servicemembers, such as reducing interest rates on loans, preventing eviction from rental properties, and delaying civil court proceedings. This act ensures that servicemembers can focus on their duties without worrying about legal and financial matters back home.

SCUSA works with 10,000-20,000 auto dealerships.

ID Theft Red Flags is not a component of SCUSA's BSA/AML program. The BSA/AML program focuses on preventing money laundering and terrorist financing by implementing measures such as Know Your Customer (KYC) to verify the identity of customers, Customer Identification Program (CIP) to collect customer information, and Suspicious Activity Reporting to identify and report suspicious transactions. However, ID Theft Red Flags specifically refers to identifying and preventing identity theft, which is not directly related to money laundering or terrorist financing.

Santander Asset Management Corporation is a subsidiary of Santander Securities because it shares the same parent company, Santander. As a subsidiary, Santander Asset Management Corporation operates under the control and ownership of Santander Securities, making it a part of the larger Santander Securities organization.

The largest number of Banco Santander International's clients live in Argentina, Mexico, and Venezuela.