Pay attention on Pass-king 8009 Practice Materials, clear exam 100% for sure

The Bankers Trust Case Study is about:

• A. reliance on thinly traded derivatives to hedge
• B. failure to guard its clients' best interests
• C. overexposure to the real estate market
• D. large losses at the proprietary trading desk

Unlike the case at Barings Bank, National Australia Bank:

• A. Had a separation of duties between trading and back office
• B. Had a risk management infrastructure that was credited with doing its' job well, despite the losses
• C. Was not dealing in derivatives
• D. Had a Board of Directors that was unaware of the true nature of trading activities

The Chair of the PRMIA Board of Directors may hold the following offices:

• A. Secretary
• B. Parliamentarian
• C. Vice Chair
• D. Chair only

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 and III only
• B. All of these are expected of the Risk Management Infrastructure
• C. I only
• D. I, III and IV only

Employees shall be remunerated adequately for the roles that they perform, where 'adequately' is defined

• A. as commensurate with policies to attract and retain high income / revenue earners
• B. as being the market norm for similarly situated personnel in competitive organizations
• C. using external references and benchmarks, and in a framework which is consistent with the type of risk-taking behavior expected of employees
• D. using the risk reward profile for each business line in the organization