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WorksheetsRisk Management
Total questions: 10
Worksheet time: 5mins
* Reduce anxiety or stress
* Some loss exposures can make greater worry for the risk manager and key
executives.
The above mentioned statements refer to _________________ ?
Pre-loss objective
Post-loss objective
Post-loss refer to ___________________?
Before a loss occurs
After a loss occurs
During a loss occurs
Define risk according to ISO31000.
The effect of uncertainty on objectives.
The uncertainty of future events.
Risk is usually expressed in terms of risk sources.
What is the acronym of ISO?
International Standardization for Organisation
International Organization for Standardization
International Standardization of Organization
Which of the following is NOT a risk management framework in ISO?
Integration
Design
Evaluation
Assessment
What is COSO?
to sponsor the National Commission on Fraudulent Financial Reporting
to identify potential events that may affect the company
to provide reasonable assurance for risk management framework
Which of the followings are FIVE components of COSO?
Control, Risk, Information, Monitoring and Existing activities
Control environment, Risk assessment, Information and communication, Monitoring activities and Existing control activities
Control environment, Risk management, Information and communication, Monitoring activities and Control activities
Which of the following risk is NOT cover under BASEL?
Investment risk
Operational risk
Liquidity risk
Credit risk
What is the key function of the BASEL ACCORD establishment?
to ensure that banks hold enough cash reserves to meet their financial obligations and survive in financial and economic distress.
to strengthen corporate governance, risk management, and transparency of financial reporting.
to create an international regulatory risk management framework for managing credit risk and market risk only.
to maintain the financial ratio such as capital ratio, leverage ration and liquidity coverage ratio.
Why did BASEL I failed?
Basel I requires the minimum capital ratio of capital to RWA for all banks to be at 8%.
Basel II regulations were created after the global financial crisis due to lack of regulatory restrictions.
Basel II created a more comprehensive risk management framework. It did so by focusing on credit, operational, and market risk.
Basel I put on the market values of assets rather than the book values.
