Certified Regulatory Compliance Manager (CRCM) — Question 281

A bank may include all of the following in the narrative portion of its financial disclosure except for one. Which of these pieces of information CANNOT be disclosed?

Answer options

• A. Information relating to mergers and acquisitions
• B. Information related to a regulatory enforcement action that currently applies to the bank
• C. An excerpt from the latest regulatory examination prepared by the bank's regulatory agency
• D. The bank's future plans for product development

Correct answer: C

Explanation

The correct answer is C because excerpts from regulatory examinations are typically confidential and cannot be disclosed publicly. Options A, B, and D can be included as they relate to the bank's operations and strategic planning, which are permissible in financial disclosures.