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

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Exam Code: 8009

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

Updated: Jul 26, 2026

Q & A: 112 Questions and Answers

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PRMIA 8009 Exam Syllabus Topics:

SectionObjectives
Standards and Professional Practices- Documentation and Reporting Standards
  • 1. Regulatory Submission Requirements
  • 2. Risk Reporting Templates
- Benchmarking and Industry Guidelines
  • 1. Best Practice Comparisons
  • 2. Industry Surveys and Metrics
Risk Management Best Practices- Enterprise Risk Management
  • 1. Integration Across Departments
  • 2. Risk Appetite and Tolerance
  • 3. ERM Frameworks
- Operational Risk Management
  • 1. Risk Mitigation Strategies
  • 2. Scenario Analysis
  • 3. Risk Identification and Assessment
- Credit and Market Risk
  • 1. Market Risk Best Practices
  • 2. Liquidity Risk Considerations
  • 3. Credit Risk Standards
Governance and Regulatory Standards- Corporate Governance
  • 1. Internal Controls and Audit Functions
  • 2. Risk Committee Structures
  • 3. Board Oversight Responsibilities
- Regulatory Frameworks
  • 1. Basel Accords and Global Standards
  • 2. Compliance Reporting
  • 3. Local Regulatory Requirements
Ethics and Professional Conduct- Ethical Principles
  • 1. Transparency and Disclosure
  • 2. Code of Conduct
  • 3. Conflict of Interest
- Case Studies on Ethical Scenarios
  • 1. Decision-Making Frameworks
  • 2. Lessons Learned
  • 3. Practical Applications

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

1. Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, China. He can do this if:

A) Approved by the Board of Directors
B) At least 100 members live within 50 miles
C) All of the above
D) A local business sponsors the chapter


2. Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:

A) 34 of all Members
B) The Board of Directors and a majority of the Members
C) The Board of Directors, but only if the Blue Ribbon Panel affirms the change
D) The Board of Directors alone


3. Which items below were at the core of the problems at Bankgesellschaft Berlin?

A) Over exposure to the property market
B) Rash guarantees given to investors in property linked funds
C) Political corruption and poor management
D) All of the above


4. The financial intermediary services provided by Fannie Mae and Freddie Mac were designed to

A) Repackage mortgage loans made by banks and sell them on to investors as asset backed securities
B) Compete directly with banks in selling mortgaged to would-be home owners
C) Buy mortgage-backed loans for banks and keep them all on their books, using them as collateral for the US government to borrow
D) Offer loans directly to the consumer


5. Up until 2006, which of the following was not a primary driver for Washington Mutual's earning?

A) Complex derivative trades based on volatility indices.
B) The provision of fee based services to its customers.
C) Lending to consumers and small businesses.
D) Deposit taking activities which generated net interest income.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: A

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