GARP International Certificate in Banking Risk and Regulation (ICBRR) - ICBRR무료 덤프문제 풀어보기
Which of the following about the ratios between various Tiers of capital is not a requirement of the Basel Committee?
정답: D
Which one of the following four regulatory drivers for operational risk management includes risk and control requirements for financial statements in the United States?
정답: A
The risk management department of VegaBank wants to set guidelines on commodity carry trades. Which of the following strategies should she pursue to achieve a profitable commodity carry?
I. Buy short-term commodity futures and sell longer-dated position when the curve is in contango.
II. Buy short-term commodity futures and sell longer-dated position when the curve is in backwardation.
III. Buy long-term commodity futures and sell shorter-dated positions when the curve is in contango.
IV.
Buy long-term commodity futures and sell shorter-dated positions when the curve is in backwardation.
I. Buy short-term commodity futures and sell longer-dated position when the curve is in contango.
II. Buy short-term commodity futures and sell longer-dated position when the curve is in backwardation.
III. Buy long-term commodity futures and sell shorter-dated positions when the curve is in contango.
IV.
Buy long-term commodity futures and sell shorter-dated positions when the curve is in backwardation.
정답: C
Which of the following factors would typically increase the credit spread?
I. Increase in the probability of default of the issuer.
II. Decrease in risk premium.
III. Decrease in loss given default of the issuer.
IV.
Increase in expected loss.
I. Increase in the probability of default of the issuer.
II. Decrease in risk premium.
III. Decrease in loss given default of the issuer.
IV.
Increase in expected loss.
정답: A
설명: (Fast2test 회원만 볼 수 있음)
The operational risk policy should include:
I. The firm's definition of risk
II. The governance of operational risk including who owns it, what it owns, and how issues should be escalated
III.
The main activities and elements that are managed by the operational risk function
I. The firm's definition of risk
II. The governance of operational risk including who owns it, what it owns, and how issues should be escalated
III.
The main activities and elements that are managed by the operational risk function
정답: A
Which one of the following four features is NOT a typical characteristic of futures contracts?
정답: C
Which of the following statements about a bank's behavior regarding Risk Adjusted Return on Capital (RAROC) is correct?
I. A bank should always seek to maximize their overall RAROC.
II. A bank should consider investing in a business even with negative RAROC if it increases the RAROC of the bank as a whole.
III. A bank should minimize its overall RAROC by controlling the absolute and relative amount of risk of its businesses.
IV.
A bank should maximize its RAROC by always investing in a new business that maximizes the RAROC for that business unit.
I. A bank should always seek to maximize their overall RAROC.
II. A bank should consider investing in a business even with negative RAROC if it increases the RAROC of the bank as a whole.
III. A bank should minimize its overall RAROC by controlling the absolute and relative amount of risk of its businesses.
IV.
A bank should maximize its RAROC by always investing in a new business that maximizes the RAROC for that business unit.
정답: C
Modified duration of a bond measures:
정답: D
James Johnson purchased a plain vanilla bond that has modified duration of 10 and convexity of 0.5. If yields increase by 1%, its modified duration is expected to
정답: B
BetaFin has decided to use the hybrid RCSA approach because it believes that it fits its operational framework. Which of the following could be reasons to use the hybrid RCSA method?
I. BetaFin has previously created series of RCSA workshops, and the results of these workshops can be used to design the questionnaires.
II. BetaFin believes that using the questionnaire approach should be more useful.
III. BetaFin had used the questionnaire approach successfully for certain businesses and the workshop approach for others.
IV.
BetaFin had already implemented a sophisticated RCSA IT-system.
I. BetaFin has previously created series of RCSA workshops, and the results of these workshops can be used to design the questionnaires.
II. BetaFin believes that using the questionnaire approach should be more useful.
III. BetaFin had used the questionnaire approach successfully for certain businesses and the workshop approach for others.
IV.
BetaFin had already implemented a sophisticated RCSA IT-system.
정답: D
Which one of the following four options correctly identifies the core difference between bonds and loans?
정답: B
On January 1, 2010 the TED (treasury-euro dollar) spread was 0.9%, and on January 31, 2010 the TED spread is 0.4%. As a risk manager, how would you interpret this change?
정답: A
Bank Muri has $4 million in cash and $5 million in loans coming due tomorrow with an expected default rate of 1%. The proceeds will be deposited overnight. The bank owes $ 9 million on a securities purchase that settles in two days and pays off $8 million in commercial paper in three days that is not expected to renew. On day 2, $1 million in loans is coming in with an expected default rate of 1% and on day 3, $2 million in loans is coming in with expected default rate of 2%. How much should the bank plan to raise in order to avoid liquidity problems?
정답: A