Concept Checker Answers

1. D . Over-the-counter derivatives is the only one of the listed classes mentioned by PWG.

2. A PWG recommends that only sophisticated investors invest in private pools because private pools can involve complex, illiquid, or opaque investments and investment strategies that are not fully disclosed.

3. C Fiduciaries have the same responsibilities plus some additional responsibilities because of their duty to the beneficiaries (e.g., placing their interest first).

4. C One of the goals of PWG is to limit the role of regulators.

5. D One of the main roles of supervisors is to communicate their expectations regarding prudent management of counterparty credit exposures.

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