CAF in banking stands for Conduct Assessment Framework. According to the provided reference, the Conduct Assessment Framework (CAF) is a self-assessment tool designed for banks to evaluate their state of conduct. This framework helps banks determine the extent to which they are adhering to required standards of conduct.
In summary:
- CAF is a tool.
- It is used for self-assessment.
- It focuses on conduct within banks.
- It helps banks measure their adherence to conduct standards.
