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NEW QUESTION: 1
Which of the following should NOT be a concern of Risk Management?
A. To ensure that the organization can continue to operate in the event of a major disruption or disaster
B. To ensure that the organization assets, such as information, facilities and building are protected from
threats, damage or loss
C. To ensure only the change requests with mitigated risks are approved for implementation
D. To ensure that the workplace is a safe environment for its employees and customers
Answer: C

NEW QUESTION: 2
In January, a bank buys a basket of mortgages with a view to securitize them by April. Due to an unexpected lack of investors in the securitization market, it is unable to do so and is left with the exposure to the mortgages on its books. This is an example of:
A. Basis risk
B. Pipeline and warehousing risk
C. Wrong-way risk
D. Market risk
Answer: B
Explanation:
Explanation
This is an example of pipeline and warehousing risk. Generally there is a lag between acquiring assets and securitizing them due to the legal work to be done, the work to be done by the ratings agencies and in finding investors. During this period, the bank is exposed to the underlying assets purchased, and this is the 'pipeline and warehousing' risk as these assets are in the pipeline and warehoused for intended subsequent sale.
Generally this period tends to be short. However, during the credit crisis this became a significant source of risk as many banks were left exposed to risk they had intended to get rid of, but could not do so as the market dried up. The other choices are all incorrect.
Note that pipeline and warehousing risk is also known as 'securitzation risk'. It means that funding from securitization cannot be relied upon as a matter of fact.

NEW QUESTION: 3
For wireless NAC out-of-band operations, which protocol is used between the Cisco NAC Appliance Manager and the wireless controller to switch the wireless client from the quarantine VLAN to the access VLAN after the client has passed the NAC authentication and posture assessment process?
A. SNMP
B. RADIUS
C. TACACS+
D. SSL
E. EAP
Answer: A

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