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Exam Code:
CRISC
Exam Name:
Certified in Risk and Information Systems Control
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1
Once the TCP connection is established, which message type initiates the BGP peering process?
A. Open
B. Keepalive
C. Update
D. Active
Answer: A

NEW QUESTION: 2
UCは、米国、ラテンアメリカ、EMEA、およびAPACの営業担当者に対して異なる価格表を使用する必要があります。
システム管理者は何をすべきですか? 1を選択します。
A. 標準の価格表を削除して価格表を作成する
B. 標準の価格表を複製し、地域ごとに個別の価格を割り当てます
Answer: B

NEW QUESTION: 3
Which of the following are elements of 'group risk':
I. Market risk
II. Intra-group exposures
III. Reputational contagion
IV. Complex group structures
A. II, III and IV
B. II and III
C. I and II
D. I and IV
Answer: A
Explanation:
Explanation
The term 'group risk' has been defined in the FSA document 08/24 on stress testing as the risk that a firm may be adversely affected by an occurrence (financial or non-financial) in another group entity or an occurrence that affects ther group as a whole. These risks may occur through:
- reputational contagion,
- financial contagion,
- leveraging,
- double or multiple gearing,
- concentrations and large exposures (particularly intra-group).
Thus, the insurance sector may be considered a group, and a firm may suffer just because another group firm has had losses or reputational issues.
The FSA statement goes on to identify some elements of group risk as follows:
- intra-group exposures (credit or operational exposures through outsourcing or service arrangements, as well as more standard business exposures);
- concentration risks (from credit, market or insurance risks which could put a strain on capital resources across entities simultaneously);
- contagion (reputational damage, operational or financial pressures); and
- complex group structures (with dependencies, complex split of responsibilities and accountabilities).
Therefore Choice 'a' is the correct answer and the rest of the choices are incorrect.

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