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8009 Exam Dumps - PRMIA PRM Certification Questions and Answers

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Questions 4

According to the Group of 30 Report, deriving aggregate potential credit exposure for a counterparty by adding up the potential exposure of multiple transactions:

Options:

A.

Gives an accurate result in most cases

B.

Captures portfolio effects but not tenor differences

C.

Can easily reflect the impact of netting

D.

Overstates exposure in most cases

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Questions 5

When local rules and regulations conflict with the PRMIA Standards of Best Practice, Conduct and Ethics the PRMIA member should …

Options:

A.

Seek advice from a qualified party, being mindful of legal and confidentiality requirements

B.

Modify the interpretation of local rules and regulations to meet the situation

C.

Ignore local rules and regulations

D.

Respect local rules and regulations

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Questions 6

In the case of National Australia Bank, which of the following was present?

Options:

A.

A window of time between close of day for reporting purposes and back office checking that allowed traders to hide losses using fictitious trades

B.

The Board received risk management information that was incorrect, incomplete or insufficiently detailed

C.

Both A and B

D.

Neither A nor B

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Questions 7

What was the most important loss for Bankers Trust?

Options:

A.

Money due to unfavourable market moves

B.

Loss of its' reputation due to actions seen as detrimental to their clients

C.

Loss of market share due to their licenses being revoked

D.

Time spent on legal proceedings in courts

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Exam Code: 8009
Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
Last Update: Nov 21, 2024
Questions: 110
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