習(xí)題：
　　Exercise:
　　Past financial disasters have resulted when a firm allows a trader to have dual roles as both the head of trading and the head of the back-office support function. Which of the following case studies did not involve this particular operational risk oversight?高頓網(wǎng)校為考生準(zhǔn)備了史上最全的FRM考試備考指南，輕松學(xué)習(xí)，簡(jiǎn)單、高效，讓考試So Easy！了解詳情
　　I.         Drysdale Securities
　　II.        Daiwa
　　III.       Allied Irish Bank
　　IV.     Barings
　　A.      I only
　　B.      II and IV only
　　C.      I and III only
　　D.      IV only
　　解析：
　　Answer: C
　　Explanation: The rogue traders for both Daiwa and Barings had dual roles as both the head of trading and the head of the back-office support function. This operational risk oversight allowed them to hide millions in losses from senior management. In the Allied Irish Bank case, John Rusnak did not run the back-office operations. The Drysdale Securities case did not deal with a rogue trader.
　　知識(shí)點(diǎn)：
　　Financial Disasters – Barings and Daiwa
　　Barings: rogue trader, Nick Leeson, took speculative derivative positions (Nikkei 225 futures) in an attempt to cover trading losses; Leeson had dual responsibilities of trading and supervising settlement operations, allowing him to hide trading losses; Lessons include separation of duties and management oversight.
　　Daiwa: A Treasury bond trader, Toshihide Iguchi, not only hid the losses but also forged customer trading slips. He had dual role as the head of both trading and the back-office support function and covered up $1.1 billion in losses over 11-year time span.本站提供FRM考試網(wǎng)絡(luò)課程免費(fèi)試聽  請(qǐng)點(diǎn)擊試聽
 
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