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PRMIA 8004 - PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

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Total 110 questions

The problems at Bankers Trust can best be characterized as failures related to:

A.

Market Risk

B.

Credit Risk

C.

Operational and Regulatory Compliance Risk

D.

All of the Above

Which of the following was NOT a factor in the National Australia Bank case?

A.

Rogue traders

B.

Improper or insufficient Board-level communication regarding the importance of risk management and oversight

C.

Inadequate back office procedures

D.

Money laundering using foreign exchange trades for political leaders

The failure of Washington Mutual was NOT due to which one of the following?

A.

Using a combination of subprime mortgage loans and credit cards

B.

It failed due to the poor quality of its assets

C.

Low lending standards and bad quality acquisitions

D.

A run on its deposits by bank customers