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葫芦娃吃生菜 · 2025年03月23日

这道题怎么理解,解释一下

NO.PZ2024050101000003

问题如下:

ABC’s risk management unit is updating their guidelines relating to transaction approval and delegation. Risk managers are worried that even if transactions fall within available credit limits, foreign exchange volatility may cause breaches in these limits. Which of the following would be most appropriate to deal with this type of outcome?

选项:

A.

The guidelines should include a carve-out for breaches that are due to foreign exchange rate volatility.

B.

Breaches in the credit limit due to foreign exchange rate movements should be immediately escalated to the risk committee of the Board of Directors.

C.

The guidelines should treat each breach in the credit limit as an error by the originator, because currency movements should be anticipated.

D.

Breaches in the credit limit due to foreign exchange rate movements should be immediately escalated to the CEO.

解释:

The firm should include a carve-out in the guidelines to allow for breaches of credit limits due to external factors not within the control of the firm. It is not prudent to treat these breaches as an originator error, and it is not necessary to escalate them if the guidelines include the carve-outs.

这道题怎么理解。为什么A正确,翻译一下各个选项

1 个答案

pzqa27 · 2025年03月24日

嗨,努力学习的PZer你好:


题目问:ABC公司的风险管理部门正在更新关于交易审批和授权的指导方针。风险经理担心,即使交易在可用信用额度内,外汇波动也可能导致额度被突破。以下哪种方法最适合应对这种情况?

A说:指导方针应包含对因外汇汇率波动导致的额度突破的豁免条款。这是最合理的做法。外汇波动属于外部不可控因素,通过预先在制度中设置豁免条款(carve-out),可以避免因市场波动引发的技术性违约被误判为操作风险或人为失误。这种做法既符合风险管理逻辑(区分可控与不可控风险),也避免了不必要的问责或无效的逐级上报。

B选项说的是:因汇率变动导致的信用额度突破应立即上报董事会风险管理委员会。外汇波动是高频事件,频繁上报董事会会导致管理效率低下(董事会通常处理战略性风险)。除非突破额度伴随重大风险(如系统性危机),否则无需直接升级至最高层。

C选项:指导方针应将所有信用额度突破视为发起人的错误,因为货币变动应被提前预测。此选项不合理。外汇市场具有高度不可预测性(尤其是短期波动),要求交易发起人完全预判汇率变动不切实际,且会抑制合理的业务开展。

D选项:.因汇率变动导致的信用额度突破应立即上报CEO。与B选项类似,外汇波动属于常规市场风险,CEO的职责更偏向战略决策。频繁上报会分散管理层注意力,除非突破额度极大或存在恶意行为。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!