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NEW QUESTION: 1
Which product would be updated to show that a decision has been made to accept an off-specification?
A. Issue Report
B. Daily Log
C. Risk Register
D. Quality Register
Answer: A

NEW QUESTION: 2
The process of coordinating the organization, planning, scheduling, controlling, monitoring and evaluating of activities so that the objectives of a project are met is known as:
A. Project Organization
B. Project Management
C. Project Executive
D. Project Life cycle
Answer: B

NEW QUESTION: 3
You are an ETL developer for a mortgage company. In your application you have two tables names Vendor and Loan.
Vendor
VendorID VendorName
1 VendorA
2 VendorB
3 VendorC
4 VendorD
5 VendorE
Loan
LoanNumber VendorID LoanAmount
I-100 1 120000
I-200 1 130000
I-300 2 150000
I-400 3 150000
I-500 4 160000
I-600 4 170000
I-700 5 180000
You need to build a SQL Server 2008 Integration Service (SSIS) package that meets the following requirements: The package should be able to generate the Excel files dynamically. Each file should have the vendor name as a prefix and the date as the suffix (e.g., VendorA_DDMMYYYY.xlsx). All the vendor names should be added to a variable and loop through the variable to generate and load
separate files for each vendor dynamically. Which Type of variable should you create?
A. Int64
B. Table
C. Object
D. String
E. Int32
Answer: C

NEW QUESTION: 4
Which of the following statements is the most appropriate description of feedback effects:
A. The lack of a comprehensive view of risk across credit, market and liquidity risks leading to an underestimation of correlations that tend to spike up in the event of a crisis
B. The spread of contagion from the bankruptcy of one participant leading to a similar outcome for other market participants
C. The amplification of smaller initial shocks to one risk factor creating larger subsequent shocks through system-wide interactions between other risks, creating self-perpetuating downward stresses in the markets
D. The revision of stress testing scenarios based upon management, business unit and regulatory feedback on the plausibility or otherwise of stress scenarios.
Answer: C
Explanation:
Explanation
Choice 'a' (The amplification of smaller initial shocks to one risk factor creating larger subsequent shocks through system-wide interactions between other risks, creating self-perpetuating downward stresses in the markets) is the most comprehensive description of 'feedback effects', as described in the BCBS document on stress testing. Choice 'c' is one manifestation of feedback effects, but does not describe the entire effect.
Choice 'b' is not a description of 'feedback effects', but one of the various weaknesses in stress testing that was seen during the crisis. Choice 'd' is plain nonsensical.
The BCBS paper provides a good and succinct description of feedback effect: how mortgage default shocks led to a deterioration of market prices of CDOs, followed by a drying up of the liquidity in these markets. This led to banks having to hold on to assets they intended to securitize (securitization and warehousing risk), and given the absence of transparency on who was exposed to what, banks refusing to lend to each other and a drying up of the wholesale funding market as well. All of this was additionally accompanied by a general flight to quality, households withdrawing money from money market funds creating a crisis in that market as well. At each stage, the initial shock was amplified and fed back into the system through interactions that had not been imagined by any market participant or regulator, leave alone risk managers.