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Independent testing of the New York branch of a foreign bank is conducted by an...

Independent testing of the New York branch of a foreign bank is conducted by an outsourced audit firm. The independent testing report should be submitted to which authority in order to provide appropriate level of governance and oversight?

A.

Main office risk management committee

B.

Bank's designated board committee at the head office

C.

Compliance oversight committee of the New York branch headed by the chief compliance officer

D.

New York branch regulatory compliance committee headed by the chief incumbent of the branch

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