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

Updated: Oct 17, 2026

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8004 Braindumps VCE
  • Exam Code: 8004
  • Exam Name: PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

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PRMIA 8004 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: PRMIA Case Studies50%- Historical risk failure analysis
- Risk management lessons learned
- Application of risk principles to scenarios
- Root cause identification
Topic 2: PRMIA Principles of Good Governance20%- Board and senior management responsibilities
- Risk governance frameworks
- Risk appetite and accountability
- Transparency and disclosure
Topic 3: PRMIA Standards of Best Practice, Conduct and Ethics30%- Code of professional conduct
- Compliance with laws and regulations
- Professional integrity and accountability
- Ethical decision-making framework

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

Question #1

The problems at Bankgesellschaft Berlin can best be characterized as failures related to:

  • A. Credit Risk
  • B. Operational Risk
  • C. Both B and C
  • D. Market Risk
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

Which of the following best characterizes the problems that developed at Bankgesellschaft Berlin?

  • A. A company culture where profits may justify "excesses."
  • B. Volume growth at the expense of margin.
  • C. Banking is a "for-profit" business, not a means of fulfilling political goals.
  • D. Excessive reliance on volatile trading income.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Which of the following best characterize the problems that developed at Bankers Trust?

  • A. Excessive reliance on volatile and sophisticated derivatives
  • B. A failure to try to protect their clients' interests
  • C. Over exposure to the property market
  • D. Volume growth at the expense of margin
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

An Organization as a Whole must:
I Provide an environment in which an Escalation Policy can be effective II Commit itself to actual enforcement of corporate governance policies III Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization IV Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance

  • A. I, III and IV only
  • B. All of these are expectations of the Organization as a Whole
  • C. I, II and IV only
  • D. I, II and III only
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Which of the following was not considered to be a positive outcome of the Northern Rock Case Study?

  • A. The original successful business model had not stress tested sufficiently for the incidence of Low Probability, High Impact incidents
  • B. The reform of the Deposit Protection Scheme because of its internal inconsistencies
  • C. It emphasised the importance of effective governance arrangements within financial firms
  • D. The role of the UK government and the possible underwriting of risks by tax-payers, and the general question of Moral Hazard
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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