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ARM 54 Segment A – Questions & Detailed Answers
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ARM 54 Segment A – Questions & Detailed Answers
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ARM 54 Segment A – Questions & Detailed AnswersTwo types of pure risk Right Ans - Hazard
Operational
Systemic risk is reduced via Right Ans - Dodd Frank Act
Solvency II
Basel II
Basic measures that apply to risk management Right Ans - Exposure
Volatility
Likelihood
Consequences
Time Horizon
Correlation
Quadrants of risk Right Ans - Hazard
Operational
Financial
Strategic
Two types of speculative risk Right Ans - Financial
Strategic
Theoretical pillars of ERM Right Ans - Interdependency
Correlation
Portfolio Theory
ISO Right Ans - International Standard for RM in any industry sector
(voluntary)
COSO ERM Right Ans - Defines RM as a process/organization wide
BS 31100 Right Ans - British Standards Code of Practice
Basel II Right Ans - Banking regulation
Solvency II Right Ans - European Commission insurnace regulation
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