Vendor: GARP
Certifications: GARP Certification
Exam Name: International Certificate in Banking Risk and Regulation (ICBRR)
Exam Code: ICBRR
Total Questions: 342 Q&As
Last Updated: Apr 20, 2024
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VCE
GARP ICBRR Last Month Results
ICBRR Q&A's Detail
Exam Code: | ICBRR |
Total Questions: | 342 |
CertBus Has the Latest ICBRR Exam Dumps in Both PDF and VCE Format
ICBRR Online Practice Questions and Answers
In the United States, foreign exchange derivative transactions typically occur between
A. A few large internationally active banks, where the risks become concentrated.
B. All banks with international branches, where the risks become widely distributed based on trading exposures.
C. Regional banks with international operations, where the risks depend on the specific derivative transactions.
D. Thrifts and large commercial banks, where the risks become isolated.
Which one of the following statements is an advantage of using implied volatility as an input when calculating VaR?
A. Implied volatility assumes volatilities are constant which makes it easy to implement in models.
B. Current market data is used to determine implied volatilities, which makes them forward looking measures
C. Implied volatilities are better at predicting actual volatilities
D. Loss probabilities from the standard normal distribution are used to compute implied volatilities, which makes it easy to compute the.
Which one of the four following statements about consortium databases is correct? Consortium databases
A. Gather information from news articles.
B. Use data from the top 5% of the industry.
C. Provide data to map risk categories with causes.
D. Contain anonymous information.
Which of the following statements about implementation of a successful RCSA program is correct?
A. An RCSA is only complete after all possible mitigating actions have been identified and analyzed as a result of the assessment process.
B. Internal loss data help to identify the risks and control weaknesses that need to be addressed in the RCSA; external events are not helpful in informing the discussions around potential risks.
C. The RCSA scoring methodology should include only financial impacts and not include reputational, legal, regulatory, client and life safety impacts.
D. To ensure that the RCSA is well designed, it is important to interview participants, stakeholders and support functions prior to the launching the RCSA.
A bank has a Var estimate of $100 million. It is considering a new transaction which has a correlation of
0.35 with the current portfolio and a standalone VaR estimate of $5 million. What would be the new VaR for the bank if it carried out the transaction?
A. $105 million
B. $101.86 million
C. $100.22 million
D. $ 213.67 million
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