问一道题：NO.PZ2020042003000047

问题如下：

Financial market utilities have several lines of defense in managing participant risk. Which of the following is NOT included?

选项：

The first line of defense is membership criteria.

Monitoring the risks of their participants is the second line of defense

The third line of defense is a mechanism to facilitate settlement in the event of a participant failure.

The Fourth line of defense is the direct help from the central bank when participants default.

解释：

考点：对Risk Management, Measurement and Monitoring Tools for FMUs的理解

答案：D

解析：

选项ABC属于FMU管理Participant risk的方法，选项D错误。