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8004 PRMIA

[Q38-Q56] Ultimate Guide to Prepare 8004 with Accurate PDF Questions [Nov 14, 2023]

Nov 14, 2023 TrainingDump 0 Comment

Ultimate Guide to Prepare 8004 with Accurate PDF Questions [Nov 14, 2023]

Pass PRMIA With TrainingDump Exam Dumps

NEW QUESTION 38
When considering the performance of Northern Rock within its peer group of banks, which of the following is not correct?

Only a few months previously it had reported record profits.

The quality of its’ assets was never in question.

For many years it was regarded as a star-performer in the financial markets.

Its’ loan loss record was poor by industry standards.

NEW QUESTION 39
When describing the reasons for the collapse of China Aviation Oil, which of the following was not cited?

No properly defined risk management policies in place and general lack of oversight by senior management

Time value was not taken into account during the contract valuation process

Loss generating positions were rolled over by selling options on larger positions to generate cash premiums’ to settle existing position losses

Senior management in China were aware of the positions but did not understand the complexities of risk managing them

NEW QUESTION 40
Which of the following was not received by Northern Rock as official support from the UK banking and government authorities?

A covert money market support operation designed to cover up the difficulties Northern Rock was facing

The Bank of England’s role as Lender-Of-Last-resort was activated at a penalty interest rate of 150 basis points above the Bank Rate

The UK government offered to guarantee all existing and new retail deposits, and to most other creditors

The Bank of England provided an additional unlimited facility secured on the collateral of all Northern Rock assets

NEW QUESTION 41
A PRMIA member is offered a highly paid work assignment on the condition that some aspects of assignment are not to be done according to PRMIA standards.
What should they do?

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

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

Accept the assignment, and prior to doing any work, report the conflict of interest to the organization’s compliance department

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

NEW QUESTION 42
Which US regulatory authority resolved the restructuring of Washington Mutual?

The Office of Thrift Supervision

Federal Deposit Insurance Corporation

The Federal Reserve Bank

None of the above

NEW QUESTION 43
The problems at Bankgesellschaft Berlin can best be characterized as failures related to:

Market Risk

Credit Risk

Operational Risk

Both B and C

NEW QUESTION 44
Select the one correct statement relative to Barings Bank.

Proprietary and agency trading were combined and therefore did not increase risk.

Proprietary and agency trading were separate and therefore did not increase risk.

Proprietary and agency trading were combined and therefore did increase risk.

Proprietary and agency trading were separate and did increase risk.

NEW QUESTION 45
The problems at WorldCom can best be characterized as related to:

Market Risk

Credit Risk

Operational and Regulatory Compliance Risk

All of the Above

NEW QUESTION 46
The “Renewing the Dream” program signed into law by President George W Bush in 2002 was designed to

Recapitalise Fannie Mae and Freddie Mac with US$2.4 billion of additional capital to ensure they weathered the risks associated with any future downturn in the housing markets

Provide grants of US$800 million to help home buyers with down-payment and closing costs

Allow risky, high-cost loans to be credited towards affordable housing goals

Provide tax credits of nearly US$2.4 billion over the next 5 years to investors and builders who developed affordable single-family housing in poor and distressed areas

NEW QUESTION 47
The problems in the Orange County case can best be characterized as failures related to:

Market Risk

Credit Risk

Operational and Regulatory Compliance Risk

All of the Above

NEW QUESTION 48
For the sentence
“The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur,” Choose the correct combinations of words from the following options:

courses, conferences, journals

conferences, discussion groups, blog sites

courses, educational certification, journals

journals, courses, compliance mandates

NEW QUESTION 49
The hedging strategy employed by MG Refining & Marketing has been called:

Dynamic hedging

A stacked hedge

A differential hedge

Nothing because MG Refining & Marketing did not hedge its position

NEW QUESTION 50
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

I only

I, III and IV only

I and III only

All of these are expected of the Risk Management Infrastructure

NEW QUESTION 51
What was the main risk scenario on the Metallgesellschaft trading strategy?

Realized losses on short-term contracts against unrealized gains on the long-run contract

The final price of the underlying being higher than the initial price

The initial price of the underlying being higher than the final price

The short-term price of the underlying being higher than the long-run contract

NEW QUESTION 52
Which of the following was NOT a factor in the Long Term Capital Management case?

Inadequate separation of front and back offices

Model risk

Changes/breakdowns in historical correlations

Unwinding of liquid positions at the beginning of major losses

NEW QUESTION 53
The financial intermediary services provided by Fannie Mae and Freddie Mac were designed to

Offer loans directly to the consumer

Compete directly with banks in selling mortgaged to would-be home owners

Repackage mortgage loans made by banks and sell them on to investors as asset backed securities

Buy mortgage-backed loans for banks and keep them all on their books, using them as collateral for the US government to borrow

NEW QUESTION 54
Which of the following is NOT part of the PRMIA Standards of Best Practice, Conduct and Ethics (Code of Conduct) Guidance on Ethical Behavior?

Ensure globally accepted standards are adhered to at all costs

Respect local customs

Respect local laws and regulations

Take responsibility for your work

NEW QUESTION 55
Which of the following was a key problem in the Barings Bank case?

Having the back office and front office operations under the same person

Difference in the contract sizes in the OSE and SIMEX

The different time zones that the office was trading in

Leeson was executing an arbitrage strategy even though he was not authorized to do so

NEW QUESTION 56
The Fortress Re accounting risk transfer procedures

made it straightforward for TFMI to determine whether risk had actually been transferred and they decided not to take out more catastrophe insurance cover

made it difficult for TFMI to determine whether risk had actually been transferred so they had to take out additional catastrophe insurance cover

made it straightforward for TFMI to determine when the risk had been transferred and to take out additional catastrophe insurance cover

made it difficult for TFMI to determine whether risk had actually been transferred and whether it had sufficient catastrophe insurance cover

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8004 PRMIA

[Nov-2023] Dumps Brief Outline Of The 8004 Exam – TrainingDump [Q34-Q55]

Nov 14, 2023 TrainingDump 0 Comment

[Nov-2023] Dumps Brief Outline Of The 8004 Exam – TrainingDump

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8004 PRMIA

[Sep-2023] PRMIA 8004 Exam Basic Questions With Answers [Q61-Q85]

Sep 20, 2023 TrainingDump 0 Comment

[Sep-2023] PRMIA 8004 Exam: Basic Questions With Answers

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