8004無料問題集「PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics」

質問 1

The Chief Risk Officer is responsible for the management of the Risk Management Infrastructure, and as such helps the Board define, and then implements throughout the organization, the risk appetite of the organization.
Which of the following is also the responsibility of the Chief Risk Officer?

（A）Acts as sponsor for risk throughout the organization and ensures that a risk culture is implemented, and maintained

（B）Ensures that reporting of risk and governance-related matters are produced in a timely and accurate manner

（C）Maintaining appropriate assurance measures to ensure that the Governance and Risk framework of the organization is effective, and, if any shortcomings are discovered, to escalate these to the Board so that remedial action can be taken in an appropriate and timely manner

（D）ensuring that all employees understand the rules and regulations (both internal and external) with which they must comply and the implications, for them and for the organization, of non-compliance

正解：B 解答を投票する

質問 2

The steps which the US Treasury Department and the Federal Reserve took in July 2008 to boost confidence in both Fannie Mae and Freddie Mac did not include which one of the following:

（A）Restricting the sale of new Fannie Mae and Freddie Mac securities only to US citizens

（B）Access to the Federal Reserve discount window

（C）Removing the prohibition on the Treasury Department to buy both companies stock

（D）Reiterating their belief that both companies played a central role in the US housing finance system

正解：D 解答を投票する

質問 3

Barings failed to recognize that Nick Leeson's losses were increasing because:

（A）The London office did not ask for any reports

（B）Leeson ran the front office

（C）Leeson hid his trades in a suspense account

（D）The margin report sent to London did not show the true margin needs

正解：C 解答を投票する

質問 4

Bankgesellschaft Berlin's failures can be best characterised as

（A）none of the above

（B）credit risk caused by a diversified portfolio of poor-quality loans

（C）credit risk caused by overexposure to the property market

（D）both A and B

正解：C 解答を投票する

質問 5

Several clients, including Procter and Gamble took legal action against Bankers Trust, claiming Bankers Trust

（A）was involved in accounting fraud

（B）did not honour its contractual obligations to pay

（C）hid profits

（D）sold them derivative products without properly advising them of the relevant risks

正解：D 解答を投票する

質問 6

Which of the following should NOT be part of the Risk Management Infrastructure?

（A）Define the organization's definition of risk management as articulated by the Board in clear and uncertain terms

（B）Review continually the application of the Principles of Good Governance to the Risk Management Infrastructure, financial accounting and reporting infrastructure and the organization as a whole

（C）Include financial risk management, compliance and external reporting and, to the extent that resources allow, should exclude legal or accounting

（D）Be independently staffed and report to an employee who is on the Executive Committee (Operating Committee) but who is NOT a business unit leader

正解：B 解答を投票する

質問 7

The Risk Management Infrastructure of an organization must:
I To the extent possible, avoid silos of control and oversight
II Have budgets set by the business unit leaders
III Actively provide ongoing professional development for risk management staff and require them to be committed to standards of best practice, conduct and ethics in their work IV Provide general risk management and related corporate governance training for employees of the organization as a Whole

（A）I, III and IV only

（B）I and III only

（C）I only

（D）All of these are expected of the Risk Management Infrastructure

正解：A 解答を投票する

質問 8

Washington Mutual's acquisition of Long Beach Financial changed its business model and increased its credit loss profile because

（A）Long Beach Financial had losses which it hadn't realized at the time of the takeover

（B）The resulting loss rate for Washington Mutual was more than 3 times higher than other mortgage lenders tracked by the FDIC

（C）the two banks were focussed in different markets

（D）Of a general deterioration of credit quality generally

正解：B 解答を投票する

8004 無料問題集「PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics」

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