Certified Financial Services Auditor Practice Exam 2025 – All-in-One Guide to Exam Success!

The regulation that deals with the protection provided under the Bank Protection Act is Regulation P. This regulation outlines the requirements for financial institutions regarding customer privacy and the handling of non-public personal information. It establishes rules to ensure that institutions take appropriate steps to protect customer data and communicate clearly with customers about their privacy policies. The Bank Protection Act is focused on securing and protecting customers' assets and information in the banking system, and Regulation P directly relates to these responsibilities by enforcing standards for safeguarding customer information and ensuring transparency in how that information is used.

Regulation T governs the extension of credit by broker-dealers, focusing on securities transactions. Regulation V relates to consumer reporting agencies and the Fair Credit Reporting Act, addressing how consumer data is managed but does not pertain specifically to bank security. Regulation S deals with the regulation of offers and sales of securities outside the United States. Since the primary concern of the Bank Protection Act is safeguarding customer information in financial institutions, Regulation P is the correct choice as it directly aligns with the objectives of that Act.