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

PRMIA 8009 Actual PDF
  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Oct 14, 2026
  • Q & A: 112 Questions and Answers
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PRMIA 8009 Exam Syllabus Topics:

SectionWeightObjectives
Risk Management Case Studies25%- Orange County
- China Aviation Oil
- Baring Bank
- Long-Term Capital Management (LTCM)
- Northern Rock
- Metallgesellschaft
Risk Management Best Practices20%- Compliance and Regulatory Alignment
- Internal Controls and Risk Limits
- Enterprise Risk Management Framework
PRMIA Standards of Best Practice, Conduct and Ethics30%- Whistleblowing and Reporting Violations
- Code of Conduct and Professional Responsibilities
- Conflict of Interest and Disclosure
- Ethical Decision-Making Framework
Corporate Governance Principles25%- Board and Senior Management Oversight
- PRMIA Governance Principles
- Risk Governance Structure
- Transparency and Accountability

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

Question #1

The "normal" credit loss profile of Washington Mutual was increased by which of the following?

  • A. Acquisitions like Long Beach and Providian
  • B. Catastrophic losses in its own credit card division
  • C. By lowering its own credit underwriting standards
  • D. The general downturn in the economy of the US
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:

  • A. All PRMIA Fellow Members
  • B. A two-thirds affirmative vote of all members
  • C. The Blue Ribbon Advisory Panel
  • D. The Regional Directors
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

Barings failed to recognize that Nick Leeson's losses were increasing because:

  • A. Leeson hid his trades in a suspense account
  • B. Leeson ran the front office
  • C. The London office did not ask for any reports
  • D. The margin report sent to London did not show the true margin needs
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

As a PRMIA member, you have certain responsibilities. Among these are the requirement(s) to:

  • A. Attend at least one PRMIA chapter meeting per year
  • B. Adhere to the PRMIA Standards of Best Practice, Conduct and Ethics
  • C. Vote in Board elections
  • D. All of the above
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

National Australia Bank and Barings cases are similar in that:

  • A. The back offices had inadequate procedures
  • B. Both A and B
  • C. Losses kept increasing while rogue trader(s) hid their positions
  • D. None of the above
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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