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Quiz GARP - 2016-FRR - Trustable Printable Financial Risk and Regulation (FRR) Series PDF
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GARP Financial Risk and Regulation (FRR) Series Sample Questions (Q52-Q57):
NEW QUESTION # 52
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. $101.86 million
- B. $105 million
- C. $ 213.67 million
- D. $100.22 million
Answer: A
NEW QUESTION # 53
The Basel II Accord's operational risk definition excludes all of the following items EXCEPT:
- A. Reputational risk
- B. Legal risk
- C. Strategic risk
- D. Geopolitical risk
Answer: B
NEW QUESTION # 54
Typically, which one of the following four option risk measures will be used to determine the number of
options to use to hedge the underlying position?
- A. Vega
- B. Theta
- C. Delta
- D. Rho
Answer: C
NEW QUESTION # 55
Gamma Bank provides a $100,000 loan to Big Bath retail stores at 5% interest rate (paid annually). The loan also has an annual expected default rate of 2%, and loss given default at 50%. In this case, what will the bank's expected loss be? What is the expected loss of this loan?
- A. $1,050
- B. $300
- C. $750
- D. $550
Answer: C
Explanation:
The same approach as question 29 is applied here but focuses on the straightforward default calculation without collateral consideration:
* Loan Amount (EAD):$100,000
* Loss Given Default (LGD):50% of EAD###=50%×$100,000=$50,000LGD=50%×$100,000=$50,000
* Annual Expected Default Rate:2%
* Expected Loss:Annual Expected Default Rate × LGDExpected Loss=2%×$50,000=0.02×50,
000=$1,000Expected Loss=2%×$50,000=0.02×50,000=$1,000
Hence, the expected loss due to default is $1,000 without considering the collateral. If considering the collateral explicitly, it would be slightly different as the collateral reduces the direct exposure.
NEW QUESTION # 56
Which one of the following four statements about regulatory capital for a bank is accurate?
- A. Regulatory capital is determined by rules imposed by an outside authority, such as a supervisor or central bank.
- B. Regulatory capital is the lowest level of economic capital the bank should have to meet regulatory requirement.
- C. Regulatory capital is less than the regulatory capital requirement.
- D. Regulatory capital reflects the economic tradeoffs of the bank as accurately as the bank can represent them.
Answer: A
Explanation:
Regulatory capital is the minimum amount of capital that a bank is required to hold by financial regulators.
These rules are imposed by outside authorities such as central banks or financial supervisory bodies to ensure the stability and solvency of financial institutions. This differs from economic capital, which is determined internally by the bank to cover its own estimated risk exposures.
NEW QUESTION # 57
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