备考FRM考试的过程中,对于真题的练习是很有必要的,FRM错题解析也是需要考生认真观看的,下文是列举的相关错题解析,一起看看吧!

Financial risk management:

A.seeks to eliminate all financial risks.

B.is the process of detecting, assessing, and managing financial risks.

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C.only focuses on managing market-related financial risks.

D.is the process of reacting to financial losses in order to minimize osses.

答案:B

解析:Financial risk management is the process of detecting, assessing, and managing financial risks.

关联考点:风险管理目的

易错点分析:认为D也是对的,风险管理的目的不是为了ZUI小化风险,而是在风险和收益中取得平衡。

Banker’s Trust used derivative trades for corporate clients. These trades help them achieve a high-probability, small reduction in funding costs while can also result in a low-probability, large loss. Unfortunately, the derivative trades resulted in significant losses for its clients. This case demonstrated that it’s crucial to:

A.incorporate liquidity risk into valuation models.

B.compute collateral more accurately when borrowing bonds.

C.make investigation on unknown trading strategies when large profits arise.

D.match trades with a client's needs and provide price quotes that are not influenced by the front office.

答案:D

解析:Bankers Trust的这个案例说明了充分了解客户需求,并提供相匹配交易的重要性。它还说明了对于可被公开的任何形式的沟通,都要谨慎,因为如果存在不道德的行为,它可能会破坏公司的声誉。

关联考点:金融风险案例; Bankers Trust

错点分析:容易把该案例当作是模型风险的案例而错选A

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