7
AssignmentMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives

Question 7 • (AG Q4) Financial Literacy: 25-26 (JRush)

Recent legislation that places additional scrutiny and financial responsibility on corporate executives who make financial decisions on behalf of their companies includes _____. (Select all that apply.)

Answer
A
Dodd-Frank
B
Basel III
C
Gramm-Leach-Bliley
D
Sarbanes- Oxley

Explanation

Dodd-Frank and Sarbanes-Oxley both increased accountability and oversight related to corporate financial decisions. Sarbanes-Oxley holds executives responsible for the accuracy of company financial reports, while Dodd-Frank added financial reforms that include executive compensation and accountability provisions. Basel III focuses on bank capital and risk standards, and Gramm-Leach-Bliley concerns financial services regulation.

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