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西瓜葡萄梨 · 2024年10月30日

unauthorized trading

NO.PZ2023100905000002

问题如下:

Prior to Jon Corzine’s arrival, MF Global incurred a large loss due to unauthorized trading. This loss was an operational risk event, but quickly exposed the firm to other risks as well. Which of the following correctly describes a risk that MF Global was exposed to resulting from the unauthorized trading? (Important)

选项:

A.

Counterparty credit risk as a result of the low credit quality of many of the trading counterparties.

B.

Asset liquidity risk as most of the trades involved illiquid assets that were difficult to unwind.

C.

Funding liquidity risk as the firm's debt was downgraded by rating agencies.

D.

Market risk related to the long positions in European sovereign debt.

解释:

Prior to Jon Corzine’s arrival, MF Global incurred a large loss due to unauthorized trading. This loss was an operational risk event, but quickly exposed the firm to other risks as well. Which of the following correctly describes a risk that MF Global was exposed to resulting from the unauthorized trading? (Important)

1 个答案

pzqa27 · 2024年10月31日

嗨,从没放弃的小努力你好:


这个题说的是MG这个银行存在未授权的交易,导致了操作风险,引发了损失,这个操作风险的损失现在外溢了,引发了其他的风险,问哪一个选项是可能会出现的风险,这个题选C.

A是不对的,虽然可能会引发信用风险,但是未授权的操作并不会引发交易对手的信用质量降低。

B说的是非流动性资产会很难出手,虽然非流动性资产的确很难卖出,但是这并不是由于操作风险引起的,所以B也不对。

C是对的, 这家公司目前有操作风险会引起评级机构下头评级,导致融资困难。

D是凑选项的,这家公司的操作风险跟欧洲主权债没什么关系。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!