8009 無料問題集「PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition」

（A）Some of the banks in the rescue consortium were LTCM investors

（B）Untimely unwinding of some LTCM positions would lead to large market fluctuations and possible turmoil

（C）Many of the banks in the rescue consortium were among LTCM's counterparties

（D）The consortium wanted to keep this out of the regulators' eyes

（A）Nick Leeson claimed to be running an arbitrage book

（B）SIMEX made inquiries to Barings Bank about large margin calls on its positions

（C）Nick Leeson dealt in complex derivatives lacking transparency of pricing

（D）Nick Leeson also ran the back office for his trading area

（A）The bank is legally solvent but its current funding costs (which are likely to continue) exceed the average rate of return on its assets and hence it would soon become insolvent as it would be making losses and would eventually exhaust its equity capital

（B）The bank is insolvent in that the current value of its assets (measured at book value) is less than the value of its liabilities; thus even if the bank were to liquidate all of its assets it would not be able to repay all depositors and other creditors

（C）The bank is solvent in that the current value of its assets (measured at book value) is more than the value of its liabilities; so even if the bank were to liquidate all of its assets it would be able to repay all depositors and other creditors

（D）The bank is legally solvent but if, because it cannot fund its operations, it is forced to liquidate assets it could do so only at less than nominal values (fire sale) and this would make it legally insolvent (value of assets falls below those of liabilities)

（A）journals, courses, compliance mandates

（B）courses, conferences, journals

（C）conferences, discussion groups, blog sites

（D）courses, educational certification, journals

（A）experience, skills, previous successes

（B）risk appetite, knowledge, expertise

（C）track record, expertise, skills

（D）knowledge, skills, expertise

（A）the oil market went from strong contango to weak contango

（B）the oil market went from weak backwardation to strong backwardation

（C）the oil market went from contango to backwardation

（D）the oil market went from backwardation to contango

（A）Perform the assignment, noting in the final report the standards to which the assignment was done

（B）The PRMIA member should place the integrity of the risk management profession and users of risk management above their own personal interests, and refuse the work

（C）Accept the assignment, produce and deliver two reports according to both standards

（D）Accept the assignment, and prior to doing any work, report the conflict of interest to the organization's compliance department

（A）I and II only

（B）I, II and IV only

（C）All of the above

（D）II, III and IV only

（A）More senior level involvement at Barings regarding use of derivatives

（B）Separation of front and back offices

（C）Recognition that large profits can be an indicator of higher risk

（D）All of the above

（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