Which of the Following Statements About Requirements for Limit Setting

Which of the following statements about requirements for limit setting is correct?

A) In the case of trading transactions, counterparty limits are to be set by the front office and issuer limits are to be set by the back office
B) In the case of trading transactions, counterparty and issuer limits are to be set by the credit committee
C) In the case of trading transactions, counterparty limits are to be set by a front office vote and market risk limits are to be set by the back office
D) In the case of trading transactions, counterparty limits and issuer limits are to be set by the front office

Correct Answer:

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