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8009 Exam Dumps : Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

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Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Questions and Answers

Question 1

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

Options:

A.

Only a few months previously it had reported record profits.

B.

The quality of its' assets was never in question.

C.

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

D.

Its' loan loss record was poor by industry standards.

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Question 2

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

Options:

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

Question 3

Unlike the case at Barings Bank, National Australia Bank:

Options:

A.

Had a risk management infrastructure that was credited with doing its' job well, despite the losses

B.

Was not dealing in derivatives

C.

Had a Board of Directors that was unaware of the true nature of trading activities

D.

Had a separation of duties between trading and back office