Supervision and Enforcement Flashcards
6 cards from real FCA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Supervision and Enforcement flashcards as text
In Financial Conduct Authority, what is the primary objective of supervision and enforcement?
Answer: To protect people, property, and information from threats and unauthorized access
The primary objective of security operations is to protect people, physical assets, and information from various threats through prevention, detection, and appropriate response measures.
What is the concept of "deterrence" in Financial Conduct Authority supervision and enforcement?
Answer: Discouraging potential threats through visible security presence and measures
Deterrence aims to discourage potential threats and criminal activity through visible security measures, creating the perception that risks outweigh potential gains for would-be offenders.
In Financial Conduct Authority, what should be the first action when discovering a security breach?
Answer: Assess the situation and follow established incident response procedures
The proper response to a security breach begins with assessing the situation to determine the nature and scope, then following established protocols to ensure appropriate notification, response, and documentation.
What is the purpose of conducting security risk assessments in Financial Conduct Authority?
Answer: To identify vulnerabilities, evaluate threats, and recommend protective measures
Security risk assessments systematically identify and evaluate threats and vulnerabilities, assess potential impacts, and recommend cost-effective countermeasures to reduce risk to acceptable levels.
In Financial Conduct Authority, what does "chain of custody" refer to?
Answer: The documented, chronological record of evidence handling from collection to presentation
Chain of custody documents every person who handles evidence, when they received and transferred it, and what they did with it, ensuring evidence integrity and admissibility.
What is the role of de-escalation techniques in Financial Conduct Authority supervision and enforcement?
Answer: To reduce the intensity of a conflict situation and prevent escalation to violence
De-escalation techniques use communication skills, body language, and calm demeanor to reduce tension and aggression, resolving situations peacefully before they escalate to physical confrontation.