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

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 19, 2026     Q & A: 112 Questions and Answers

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PRMIA 8009 Exam Syllabus Topics:

SectionWeightObjectives
PRMIA Standards of Best Practice, Conduct and Ethics30%- Whistleblowing and Reporting Violations
- Conflict of Interest and Disclosure
- Ethical Decision-Making Framework
- Code of Conduct and Professional Responsibilities
Risk Management Case Studies25%- Metallgesellschaft
- China Aviation Oil
- Baring Bank
- Long-Term Capital Management (LTCM)
- Orange County
- Northern Rock
Risk Management Best Practices20%- Enterprise Risk Management Framework
- Internal Controls and Risk Limits
- Compliance and Regulatory Alignment
Corporate Governance Principles25%- Risk Governance Structure
- PRMIA Governance Principles
- Board and Senior Management Oversight
- Transparency and Accountability

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

1. When considering the performance of Northern Rock within its peer group of banks, which of the following is not correct?

A) For many years it was regarded as a star-performer in the financial markets.
B) Only a few months previously it had reported record profits.
C) Its' loan loss record was poor by industry standards.
D) The quality of its' assets was never in question.


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

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


3. According to the G-30 Study, the risk management infrastructure's funding must be

A) determined at the Board level with inputs from business unit leaders
B) determined by business-unit leaders
C) determined by the regulators
D) determined at the Board level without influence by business unit leaders


4. Finite insurance is reinsurance which

A) transfers the total risk at the usual reinsurance price
B) transfers only a limited amount of risk at less cost than traditional reinsurance
C) transfers only a limited amount of risk at the usual reinsurance price
D) transfers the total risk at less cost than traditional reinsurance


5. Bankgesellschaft Berlin's failures can be best characterised as

A) credit risk caused by a diversified portfolio of poor-quality loans
B) none of the above
C) both A and B
D) credit risk caused by overexposure to the property market


Solutions:

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

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