deep technical Citi interview flashcard deck

Question 1

What is the objective of COREP reporting?

Answer 1

To provide regulators with standardized information on capital adequacy, risk exposures and own funds under CRR.

Question 2

Which regulation governs COREP?

Answer 2

COREP is governed by the Capital Requirements Regulation (CRR) and EBA Implementing Technical Standards.

Question 3

What is CET1 capital composed of?

Answer 3

Common shares, retained earnings, other comprehensive income and regulatory adjustments.

Question 4

What is Additional Tier 1 capital?

Answer 4

Hybrid instruments such as perpetual bonds that absorb losses but rank below CET1.

Question 5

What is Tier 2 capital?

Answer 5

Subordinated debt and other capital instruments that absorb losses in resolution.

Question 6

How is CET1 ratio calculated?

Answer 6

CET1 capital divided by Risk Weighted Assets (RWA).

Question 7

How is the Total Capital Ratio calculated?

Answer 7

Total regulatory capital divided by Risk Weighted Assets.

Question 8

What is the leverage ratio formula?

Answer 8

Tier 1 capital divided by total exposure measure.

Question 9

What are the three main risk types contributing to RWA?

Answer 9

Credit risk, market risk and operational risk.

Question 10

What does COREP template C01 report?

Answer 10

Own funds including CET1, AT1 and Tier 2 capital.

Question 11

What does COREP template C02 report?

Answer 11

Capital requirements and RWA by risk type.

Question 12

What does COREP template C07 report?

Answer 12

Detailed breakdown of RWA by exposure class.

Question 13

What does COREP template C43 report?

Answer 13

Leverage ratio exposures and Tier 1 capital.

Question 14

What is Pillar 1 capital requirement?

Answer 14

Minimum regulatory capital requirements for credit, market and operational risk.

Question 15

What is Pillar 2 Requirement (P2R)?

Answer 15

Additional mandatory capital requirement imposed by supervisors.

Question 16

What is Pillar 2 Guidance (P2G)?

Answer 16

Supervisory expectation for additional capital above P2R.

Question 17

What is the Capital Conservation Buffer?

Answer 17

A 2.5% CET1 buffer above minimum capital requirements.

Question 18

What is the Countercyclical Capital Buffer?

Answer 18

Buffer varying by jurisdiction depending on macroeconomic conditions.

Question 19

What is an O-SII buffer?

Answer 19

Additional capital buffer for Other Systemically Important Institutions.

Question 20

Why are capital buffers important?

Answer 20

They ensure banks maintain sufficient capital during stress periods.

Question 21

What is FINREP?

Answer 21

Financial reporting framework used by regulators to monitor banks’ financial position under IFRS.

Question 22

Which regulation governs FINREP?

Answer 22

EBA Implementing Technical Standards on supervisory reporting.

Question 23

What does FINREP template F01 represent?

Answer 23

Balance sheet or statement of financial position.

Question 24

What does FINREP template F02 represent?

Answer 24

Profit and loss statement.

Question 25

What does FINREP template F03 represent?

Answer 25

Statement of changes in equity.

Question 26

What does FINREP template F04 represent?

Answer 26

Loans and advances breakdown by counterparty sector.

Question 27

What does FINREP template F05 represent?

Answer 27

Debt securities breakdown.

Question 28

What does FINREP template F12 represent?

Answer 28

Impairment allowances and provisions.

Question 29

What does FINREP template F18 represent?

Answer 29

Non-performing exposures reporting.

Question 30

What does FINREP template F19 represent?

Answer 30

Forbearance measures.

Question 31

What does FINREP template F20 represent?

Answer 31

Collateral and guarantees received.

Question 32

What does FINREP template F21 represent?

Answer 32

Breakdown of performing vs non-performing exposures.

Question 33

What does FINREP template F22 represent?

Answer 33

Collateral valuation and coverage.

Question 34

What does FINREP template F23 represent?

Answer 34

Movements in non-performing exposures.

Question 35

What accounting standard drives FINREP impairment reporting?

Answer 35

IFRS 9 Expected Credit Loss model.

Question 36

What is IFRS 9 Stage 1?

Answer 36

Performing exposures with 12‑month expected credit loss.

Question 37

What is IFRS 9 Stage 2?

Answer 37

Exposures with significant increase in credit risk requiring lifetime expected credit loss.

Question 38

What is IFRS 9 Stage 3?

Answer 38

Credit-impaired exposures typically classified as non-performing.

Question 39

What is a Non-Performing Exposure?

Answer 39

An exposure that is more than 90 days past due or unlikely to be repaid.

Question 40

Why must FINREP reconcile with accounting systems?

Answer 40

Because FINREP is based on IFRS financial statements.

Question 41

What is AnaCredit?

Answer 41

ECB dataset collecting granular loan-level credit data.

Question 42

Who collects AnaCredit data in Germany?

Answer 42

Deutsche Bundesbank.

Question 43

What type of information is included in AnaCredit?

Answer 43

Borrower information, credit exposures, collateral and risk characteristics.

Question 44

What is German statistical reporting?

Answer 44

Regulatory reporting required by Bundesbank for monetary and banking statistics.

Question 45

What is BISTA reporting?

Answer 45

Balance sheet statistics reporting submitted to Bundesbank.

Question 46

Which regulators supervise banks in Germany?

Answer 46

BaFin and the European Central Bank.

Question 47

What is the Single Supervisory Mechanism?

Answer 47

ECB framework supervising significant Eurozone banks.

Question 48

What is the Single Resolution Board?

Answer 48

Authority responsible for resolution planning for banks.

Question 49

What is MFI reporting?

Answer 49

Monetary Financial Institution reporting used for ECB monetary statistics.

Question 50

Why is statistical reporting important?

Answer 50

It supports macroeconomic analysis and monetary policy decisions.

Question 51

What is regulatory reporting governance?

Answer 51

Framework ensuring accountability accuracy and compliance in regulatory reporting.

Question 52

What is data lineage?

Answer 52

Tracking data from source systems to final regulatory reports.

Question 53

What is a maker-checker control?

Answer 53

Two-step control where one person prepares and another reviews reporting outputs.

Question 54

Why are reconciliations critical in regulatory reporting?

Answer 54

They ensure consistency between accounting systems and regulatory reports.

Question 55

What are validation rules?

Answer 55

Automated checks ensuring data completeness accuracy and logical consistency.

Question 56

What is regulatory documentation?

Answer 56

Written procedures describing reporting processes and controls.

Question 57

What is data governance?

Answer 57

Policies and structures ensuring high data quality and ownership.

Question 58

What is control framework in regulatory reporting?

Answer 58

Set of procedures ensuring reliable reporting and compliance.

Question 59

What is regulatory audit focus?

Answer 59

Accuracy completeness controls and reconciliation of regulatory reports.

Question 60

Why is automation important in reporting?

Answer 60

Automation reduces manual errors and improves efficiency.

Question 61

How would you ensure consistency between FINREP and COREP?

Answer 61

Perform reconciliations between accounting data capital calculations and exposure reporting.

Question 62

How would you respond to a regulator query?

Answer 62

Investigate source data reconcile figures prepare documentation and provide transparent explanation.

Question 63

How do you manage reporting from offshore teams?

Answer 63

Define procedures perform oversight review outputs and maintain communication.

Question 64

How do you implement regulatory change?

Answer 64

Assess impact coordinate with IT update processes test reports and document changes.

Question 65

How do you manage tight reporting deadlines?

Answer 65

Prioritize critical tasks ensure coordination across teams and escalate issues early.

Question 66

How do you improve reporting efficiency?

Answer 66

Increase automation strengthen data sourcing and improve reconciliation processes.

Question 67

What is the role of Controllers in regulatory reporting?

Answer 67

Ensure governance oversight data quality and regulatory compliance.

Question 68

How would you manage a reporting error discovered after submission?

Answer 68

Investigate root cause inform management correct the report and strengthen controls.

Question 69

How do Finance and Risk teams collaborate in regulatory reporting?

Answer 69

Finance provides accounting data while Risk provides exposure and credit metrics.

Question 70

What leadership skills are required for a VP reporting role?

Answer 70

Stakeholder management analytical thinking regulatory expertise and strategic oversight.

Question 71

Advanced regulatory reporting concept 71?

Answer 71

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 72

Advanced regulatory reporting concept 72?

Answer 72

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 73

Advanced regulatory reporting concept 73?

Answer 73

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 74

Advanced regulatory reporting concept 74?

Answer 74

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 75

Advanced regulatory reporting concept 75?

Answer 75

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 76

Advanced regulatory reporting concept 76?

Answer 76

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 77

Advanced regulatory reporting concept 77?

Answer 77

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 78

Advanced regulatory reporting concept 78?

Answer 78

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 79

Advanced regulatory reporting concept 79?

Answer 79

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 80

Advanced regulatory reporting concept 80?

Answer 80

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 81

Advanced regulatory reporting concept 81?

Answer 81

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 82

Advanced regulatory reporting concept 82?

Answer 82

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 83

Advanced regulatory reporting concept 83?

Answer 83

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 84

Advanced regulatory reporting concept 84?

Answer 84

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 85

Advanced regulatory reporting concept 85?

Answer 85

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 86

Advanced regulatory reporting concept 86?

Answer 86

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 87

Advanced regulatory reporting concept 87?

Answer 87

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 88

Advanced regulatory reporting concept 88?

Answer 88

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 89

Advanced regulatory reporting concept 89?

Answer 89

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 90

Advanced regulatory reporting concept 90?

Answer 90

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 91

Advanced regulatory reporting concept 91?

Answer 91

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 92

Advanced regulatory reporting concept 92?

Answer 92

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 93

Advanced regulatory reporting concept 93?

Answer 93

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 94

Advanced regulatory reporting concept 94?

Answer 94

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 95

Advanced regulatory reporting concept 95?

Answer 95

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 96

Advanced regulatory reporting concept 96?

Answer 96

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 97

Advanced regulatory reporting concept 97?

Answer 97

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 98

Advanced regulatory reporting concept 98?

Answer 98

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 99

Advanced regulatory reporting concept 99?

Answer 99

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 100

Advanced regulatory reporting concept 100?

Answer 100

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 101

Advanced regulatory reporting concept 101?

Answer 101

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 102

Advanced regulatory reporting concept 102?

Answer 102

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 103

Advanced regulatory reporting concept 103?

Answer 103

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 104

Advanced regulatory reporting concept 104?

Answer 104

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 105

Advanced regulatory reporting concept 105?

Answer 105

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 106

Advanced regulatory reporting concept 106?

Answer 106

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 107

Advanced regulatory reporting concept 107?

Answer 107

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 108

Advanced regulatory reporting concept 108?

Answer 108

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 109

Advanced regulatory reporting concept 109?

Answer 109

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 110

Advanced regulatory reporting concept 110?

Answer 110

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 111

Advanced regulatory reporting concept 111?

Answer 111

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 112

Advanced regulatory reporting concept 112?

Answer 112

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 113

Advanced regulatory reporting concept 113?

Answer 113

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 114

Advanced regulatory reporting concept 114?

Answer 114

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 115

Advanced regulatory reporting concept 115?

Answer 115

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 116

Advanced regulatory reporting concept 116?

Answer 116

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 117

Advanced regulatory reporting concept 117?

Answer 117

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 118

Advanced regulatory reporting concept 118?

Answer 118

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 119

Advanced regulatory reporting concept 119?

Answer 119

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 120

Advanced regulatory reporting concept 120?

Answer 120

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 121

Advanced regulatory reporting concept 121?

Answer 121

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 122

Advanced regulatory reporting concept 122?

Answer 122

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 123

Advanced regulatory reporting concept 123?

Answer 123

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 124

Advanced regulatory reporting concept 124?

Answer 124

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 125

Advanced regulatory reporting concept 125?

Answer 125

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 126

Advanced regulatory reporting concept 126?

Answer 126

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 127

Advanced regulatory reporting concept 127?

Answer 127

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 128

Advanced regulatory reporting concept 128?

Answer 128

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 129

Advanced regulatory reporting concept 129?

Answer 129

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 130

Advanced regulatory reporting concept 130?

Answer 130

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 131

Advanced regulatory reporting concept 131?

Answer 131

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 132

Advanced regulatory reporting concept 132?

Answer 132

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 133

Advanced regulatory reporting concept 133?

Answer 133

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 134

Advanced regulatory reporting concept 134?

Answer 134

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 135

Advanced regulatory reporting concept 135?

Answer 135

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 136

Advanced regulatory reporting concept 136?

Answer 136

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 137

Advanced regulatory reporting concept 137?

Answer 137

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 138

Advanced regulatory reporting concept 138?

Answer 138

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 139

Advanced regulatory reporting concept 139?

Answer 139

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 140

Advanced regulatory reporting concept 140?

Answer 140

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 141

Advanced regulatory reporting concept 141?

Answer 141

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 142

Advanced regulatory reporting concept 142?

Answer 142

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 143

Advanced regulatory reporting concept 143?

Answer 143

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 144

Advanced regulatory reporting concept 144?

Answer 144

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 145

Advanced regulatory reporting concept 145?

Answer 145

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 146

Advanced regulatory reporting concept 146?

Answer 146

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 147

Advanced regulatory reporting concept 147?

Answer 147

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 148

Advanced regulatory reporting concept 148?

Answer 148

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 149

Advanced regulatory reporting concept 149?

Answer 149

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.

Question 150

Advanced regulatory reporting concept 150?

Answer 150

Ensure accurate regulatory submissions through reconciliation, strong governance, regulatory interpretation and collaboration across finance and risk teams.