8009 Exam Dumps - Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

A window of time between close of day for reporting purposes and back office checking that allowed traders to hide losses using fictitious trades

The Board received risk management information that was incorrect, incomplete or insufficiently detailed

Both A and B

Neither A nor B

Having the back office and front office operations under the same person

Difference in the contract sizes in the OSE and SIMEX

The different time zones that the office was trading in

Leeson was executing an arbitrage strategy even though he was not authorized to do so

Fortress Re and other insurers

The Fortress Re reinsurers only

The fronting insurance companies

Fortress Re and their reinsurers

I, II, and III only

III only

I, II, and IV only

I, II, III and IV above

A for-profit corporation

A non-profit corporation

A charitable trust

A non profit corporation with for profit subsidiaries