I. Multiple choice questions
1. Referring to international best practices, in daily risk management operations, specific risk management/control measures can be taken by () and finally reach the senior management.
A. From grass-roots business units to risk management committees in business areas
B. From grass-roots business units to senior management areas
C. From the business risk management committee to the grass-roots business departments
D. From top management to grass-roots business areas
2. () It is the key for commercial banks to effectively undertake the functions of policy formulation, policy implementation and compliance management.
A. Board of Directors and Board of Supervisors
B. board of directors and senior management
C. board of directors and risk management committee
D. senior management and the board of supervisors
3. The following understanding about improving the internal control system of commercial banks is incorrect ().
A. senior management shall formulate appropriate internal control policies.
The board of directors is responsible for establishing and implementing an adequate and effective internal control system.
C internal control is not a part of the daily work of commercial banks.
D the board of supervisors is responsible for supervising the board of directors and senior management to improve the internal control system.
4. The following statement about the risk management department is incorrect ().
A The common practice of international advanced banks is that the risk management department is not independent.
B. It is suitable for decentralized risk management departments of city commercial banks with limited scale.
Risk management departments have no right to participate in the final implementation of risk management policies.
D monitoring the risk limits of various financial products and all business departments is an important responsibility of the risk management department.
5. About the common method of risk identification description is correct ().
A. Risk analysis is to discover the types of risks faced by commercial banks through systematic methods.
B. Scenario analysis is in the form of a memorandum.
C. Decomposition analysis can decompose exchange rate risk into influencing factors such as exchange rate change rate, interest rate change rate and yield term structure.
D. Analysis of assets financial status is the most basic and commonly used method for commercial banks to identify risks.
6. Risk identification includes () two links.
A. Risk perception and risk prediction
B. Risk awareness and risk analysis
C. Predicting risks and analyzing risks
D. Risk awareness and risk control
7. The following statement about decentralized risk management department is incorrect ().
A. Commercial banks do not need to establish a sound risk management department.
B. Outsourcing risk management functions to professional service providers
C can completely control the sensitive information of commercial banks.
D. commercial banks cannot form long-term core competitiveness.
8. The final document of the Risk Management Committee on formulating relevant policies and guiding principles needs to be submitted for approval.
A. county councils in the midwest and eastern states
B. Senior management
C. Board of Directors
D. Other sectors
9. () is an essential core function for commercial banks to adopt centralized or decentralized risk management departments.
A. Data analysis capabilities
B. Price approval ability
C. Model creation ability
D. Risk detection and analysis
10. () is the cornerstone of effective risk management of commercial banks.
A. support and commitment of senior management
B. support and commitment of the board of directors
C. Support and commitment of the Board of Supervisors
D. support and commitment of the risk management committee
Second, multiple choice questions
1. The Organization for Economic Cooperation and Development and the Basel Committee correctly stated the corporate governance principles of commercial banks ().
A The Organization for Economic Cooperation and Development believes that corporate governance should protect the rights of shareholders.
The Basel Committee believes that senior management is the key department of corporate governance of commercial banks.
C the organization for economic cooperation and development believes that information on major issues related to companies should not be leaked to the public.
The Basel Committee believes that commercial banks should maintain a high degree of transparency.
E. The OECD believes that the powers and responsibilities of the board of directors and senior management of commercial banks should be clearly defined, and the accountability system should be implemented throughout the bank.
2. The goal that commercial banks should achieve in risk control is ().
A. Control the risks of commercial banks to the lowest level
B. the risk management strategy meets the requirements of business objectives.
C. Maintain effectiveness on the basis of cost/benefit.
D. Analyze data such as balance sheets of commercial banks and find potential risks.
E. Through the analysis of risk incentives, find out the problems existing in management and improve the risk management procedures.
3. The following belongs to the external data of commercial banks is ().
A. Comprehensive assessment of domestic market conditions and information data
B external rating data is the main data source of commercial banks.
C. Conduct industry statistics and analyze the data by yourself.
D. Data are from commercial banks.
E. operational risk losses of other commercial banks
4. The statement of the risk management department of commercial banks is incorrect ().
The core function of risk management department is to collect, analyze and report risk information.
B. The risk management departments and risk management committees of commercial banks are the same.
C. The risk management department has only very limited power to carry out risk management decisions.
D the risk management departments of commercial banks are highly independent.
E. The risk management department of a commercial bank is subordinate to the senior management.
5. The correct understanding of the risk management information system of commercial banks is ().
A. The flow of each business unit of risk information can be completely unidirectional, and it can also be characterized by multi-directional interaction and intelligence.
B risk management information system needs to obtain information and data from inside and outside.
C. The risk management information system must ensure that the "real" analysis operation of the system and the "hypothetical" analysis operation of traders are distinguished in an obvious way.
D. Risk information management system is the core "intangible assets" of commercial banks.
E. risk management information system can limit the characteristics of data.
6. The ways of supervision and evaluation by the Board of Supervisors include ().
A. attending the meeting as a representative without voting rights
B. Interviews and discussions
C. Access to documents
D. Inspection and investigation
E. Monitoring and evaluation
7. The main responsibility of the risk management of the senior management of commercial banks is ().
A. approval of risk management strategies, policies and procedures
B. Implementing risk management policies
C. formulate risk management procedures and operating rules.
D know the risk level and its management status in time.
E. approving risk pricing of financial products
8. The main contents of the financial control department in risk management include ().
A. Participate in the organizational structure and business process reengineering of commercial banks
B. Accuracy and reliability of accounting records and financial reports
C transmit the loss/gain data of the commercial bank to the risk management department, so that the risk management department is consistent with the information from the front-office business department.
D cooperate with the risk management department to ensure that the corresponding loss/gain information in the risk system is accurate and can be used for backtesting.
E. Compliance of operation and management and the work of the Compliance Department
9. The risk control/mitigation strategy of a commercial bank shall meet the following requirements: ().
A. Establish various risk measurement models
B. Monitoring various quantifiable key risk indicators
C. Risk control/mitigation strategies should be consistent with the overall strategic objectives of commercial banks.
D the specific control measures and slow-release tools adopted meet the cost/benefit requirements.
E through the analysis of risk inducement, we can find out the problems existing in risk management and re-improve the risk management procedures.
10. According to different data sources, the risk data of risk management information system can be divided into (').
A. Internal data
B. External data
C. Intermediate measurement data
D. combining the result data
E. historical materials
Third, the judgment question
1. The core competitiveness of commercial banks is risk management, and the goal of risk management is to eliminate risks and achieve a balance between risks and benefits. ()
2. The legal/compliance department of a commercial bank need not be audited by the internal audit department. ()
3. External data is data extracted from various business information systems and obtained by professional data providers. ()
4. Risk management process is the link between the business departments of commercial banks and relevant markets. ()
5. Decentralized risk management departments have the highest and most comprehensive requirements for the professional skills of risk management personnel. ()
6. The board of directors of commercial banks usually appoints expert groups to formulate specific risk management policies and guiding principles. ()
7. Strategic objectives can be divided into strategic aspirations, phased strategic objectives and major development indicators. ()
8. Risk culture generally includes three levels: risk management concepts, knowledge and measures. ()
9. The risk management department of a commercial bank shall jointly formulate and implement risk management strategies with the compliance department and the internal audit department. ()
10. The supervision and evaluation departments of internal control of commercial banks must closely contact with the construction and implementation departments of internal control in their work. ()
Reference answer
I. Multiple choice questions
1.A [Analysis] Referring to international best practices, in the daily risk management operation, specific risk management/control measures can be taken in the three-level management mode from the grass-roots business unit to the business field risk management committee, and finally to the senior management, so item A is correct.
2.b [Analysis] This topic examines the key to effective risk management of commercial banks in corporate governance. It is the key for commercial banks to implement effective risk management that the board of directors and senior management effectively undertake the functions of policy formulation, policy implementation and compliance operation supervision, so item B is correct.
3.c [analysis] This topic is a comprehensive examination of the internal control of commercial banks. Senior management formulates appropriate internal control policies, the board of directors is responsible for establishing and implementing an adequate and effective internal control system, and the board of supervisors blames itself for supervising the board of directors and senior management to improve the internal control system, so item ABD is correct; Internal control is an important part of the daily work of commercial banks, so item C is wrong.
4.a [analysis] This topic examines the risk management department of commercial banks. When studying risk management, candidates should focus on the functions and applications of risk management departments. The common practice of international advanced banks is that the risk management department remains relatively independent, and the risk management department has no right to participate in the final implementation of the risk management policy, so item A is wrong and item C is correct; In some cases, commercial banks do not need to establish a sound risk management department, for example, in a limited city commercial bank, it is suitable to establish a decentralized risk management department, so B is correct. Item d is also correct.
5. C [analysis] Perceived risk is to discover the types of risks faced by commercial banks through systematic methods, so A is incorrect; Making a risk list is the most basic and commonly used method for commercial banks to identify risks, which is similar to a memorandum, so BD is wrong. The complex risk is decomposed into several relatively simple risk factors, and the factors that may cause serious risk losses are identified. For example, it is the decomposition analysis method that can decompose the exchange rate risk into exchange rate change rate, interest rate change rate, yield period and other factors, so item C is correct.
6.b [Analysis] Risk identification includes risk perception and risk analysis, so item B is correct.
7.c [analysis] The risk management department is decentralized, and commercial banks do not need to establish a sound risk management department. They can consider outsourcing risk management functions such as data analysis and technical support to professional service providers, so AB is correct; The disadvantage of decentralized risk management department is that it is difficult to absolutely control the sensitive information of commercial banks and cannot form long-term competitiveness and strong market pricing ability, so item C is incorrect and item D is correct.
8.C [resolution] The board of directors is responsible for examining and approving the strategies, policies and procedures of risk management, and the final documents of relevant policies and guiding principles formulated by the risk management committee need to be submitted to the board of directors for examination and approval, so item C is correct.
9.d [Analysis] Risk detection and analysis is an essential core for commercial banks to adopt centralized or decentralized risk management departments. Function, so item d is correct.
10.AC analysis] The support and commitment of senior management is the cornerstone of effective risk management of commercial banks, so item A is correct.
Second, multiple choice questions
1.ABD [Analysis] The Organization for Economic Cooperation and Development believes that corporate governance should safeguard the rights of shareholders, so item A is correct; The Basel Committee believes that senior management is the key department of corporate governance of commercial banks, so item B is correct; The Organization for Economic Cooperation and Development believes that the governance structure should ensure the timely and accurate disclosure of any major information related to the company, so item C is incorrect; The Basel Committee believes that commercial banks should maintain a high degree of transparency, which is the content of the eight principles of the Basel Committee, so item D is correct; The Basel Committee believes that the powers and responsibilities of the board of directors and senior management of commercial banks should be clarified and the accountability system should be implemented throughout the bank, so item E is wrong.
2.BCE [analysis] Item A does not involve the goal that commercial banks should achieve in risk control, so the wrong BCE in Item A belongs to the goal that commercial banks should achieve in risk control; Item D belongs to the commonly used method of risk identification-asset financial status analysis method, so item D is wrong.
3.ACE [analysis] Commercial banks still need to rely on internal rating data as the main data source, so item B is incorrect; Item D belongs to the internal data of commercial banks, and item D is incorrect.
4.BE [analysis] The core function of the risk management department is the collection, analysis and reporting of risk information. The risk management department only has very limited power to implement risk management decisions, and the risk management department of commercial banks has a high degree of independence and the ACD item is correct; The risk management departments and risk management committees of commercial banks should be independent of each other and support each other, but they should not be confused, so item B is incorrect; Items E and D are contradictory, and the risk management department is highly independent and does not belong to the senior management, so item E is wrong.
5.ABCD [analysis] The flow of each business unit of risk information can be completely one-way, or it can be characterized by multi-directional interaction and intelligence. Risk management information system needs to obtain information and data from inside and outside. Risk management information system must ensure that the "real" analysis operation of the system and the "hypothetical" analysis operation of traders are distinguished in an obvious way, so ABC is correct; Risk management information system can't constrain the characteristics of data, so item E is wrong; Risk management information system The core "intangible assets" of commercial banks must set strict quality and safety guarantee standards, so item D is correct.
6.ABCDE [analysis] The board of supervisors is responsible for the shareholders' meeting and is engaged in internal due diligence supervision, financial supervision and internal control supervision of commercial banks. The Board of Supervisors comprehensively uses off-site monitoring and spot checks to supervise and evaluate the decision-making process, decision-making implementation, business activities and the performance of directors and senior managers of commercial banks by attending meetings as nonvoting delegates, consulting documents, inspecting and investigating, supervising and evaluating, and interviewing and discussing.
7.BCD [Analysis] The main responsibilities of the senior management are to implement risk management policies, formulate risk management procedures and operating rules, grasp the risk level and its management status in time, and ensure that commercial banks have sufficient manpower, material resources, appropriate organizational structure, management information system and technical level to effectively identify, measure, monitor and control various risks undertaken by various businesses. So the BCD option is correct. Option A is the responsibility of the Board of Directors, and option E is the responsibility of the Risk Management Committee.
8.CD [analysis] The financial control department is at the forefront of effective risk management. The risk management department receives the profit and loss data from the financial control department and makes adjustments according to the information from the front-office business department. Both parties cooperate to ensure that the corresponding income/loss information in the risk system is accurate and can be used for backtesting. Judging from this, the CD option is correct. Option A is the responsibility of the legal/compliance department, and option BE is the main work of the audit department.
9.CDE [analysis] Risk control/mitigation refers to the process that the risk management committee of a commercial bank effectively manages and controls the identified and measured risks by adopting strategies such as dispersion, hedging, transfer, evasion and compensation and qualified risk mitigation tools. The risk control and slow release process should meet the following requirements: (1) The risk control/slow release strategy should be consistent with the overall strategic objectives of commercial banks; (2) The specific control measures and slow-release tools adopted meet the cost/benefit requirements; (3) Be able to find the problems existing in risk management and improve the risk management procedures again. So the CDE option is correct.
10.AB [Analysis] Risk management information system needs to collect massive data and information from multiple sources, which are usually divided into internal data and external data. So the AB option is correct.
Third, the judgment question
1.× [Analysis] Risk management is the core competitiveness of commercial banks. The goal of risk management is not to eliminate risks, but to balance risks and benefits through active risk management.
2.×[ Resolution] The legal/compliance department of a commercial bank should also be audited by the internal audit department.
3.× [Analysis] This question examines the difference between external data and internal data. The internal data in commercial bank data are extracted from various business information systems; External data is obtained through professional data suppliers.
4.× [Analysis] This topic examines the difference between risk management processes and risk management information systems. Risk management information system is the link between the business departments of commercial banks and related markets.
5.× [resolution] The centralized risk management department has the highest and most comprehensive requirements for the professional skills of risk managers.
6. The board of directors of a commercial bank usually appoints a special committee to formulate specific risk management policies and guiding principles.
7.√ [Analysis] Strategic objectives can be divided into strategic vision, phased strategic objectives and major development indicators.
8.× [Analysis] Risk culture generally consists of three levels: risk management concept, knowledge and system.
9.×[ Resolution] The risk management department of a commercial bank is mainly responsible for organizing, coordinating and promoting the effective implementation of risk management policies throughout the bank. The risk management department of a commercial bank should be a relatively independent department, which needs all-round support from the top management and is equipped with personnel with high professional quality and skills.
10.×[ Analysis] The supervision and evaluation department of internal control of commercial banks should be independent of the construction and implementation department of internal control, and there are channels to report directly to the board of directors, the board of supervisors and the senior management.