Ease of use is a feature you feel every study session. The 8008 bank at LatestCram combines a wide variety of practice capabilities with content that stays clear under pressure — 359+ Q&As covering the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition objectives, expert-verified throughout.
PRMIA 8008 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market Risk | 15% | - Market Risk Factors & Drivers - Interest Rate, Equity, FX & Commodity Risk - Value-at-Risk (VaR) & Stress Testing - Regulatory Capital for Market Risk |
| Topic 2: Counterparty Risk | 15% | - Potential Future Exposure - Counterparty Credit Risk Fundamentals - Credit Value Adjustment (CVA) & Wrong-way Risk - Netting, Collateral & Margining |
| Topic 3: Credit Risk | 20% | - Exposure & Probability of Default - Loss Given Default & Credit Valuation Adjustment - Credit Risk Modeling & Capital Calculation - Credit Risk Concepts |
| Topic 4: Risk Management Frameworks | 20% | - Regulatory Frameworks & Basel Accords - Enterprise Risk Management Principles - Risk Measurement Methodologies - Risk Governance & Culture |
| Topic 5: ALM & FTP | 10% | - Liquidity Risk Management - Funds Transfer Pricing Methodology & Application - Asset-Liability Management Principles - Interest Rate Risk in the Banking Book |
| Topic 6: Operational Risk | 20% | - Risk Identification & Assessment - Capital Requirements & Advanced Measurement Approaches - Definition & Scope - Control & Mitigation Techniques |
The 8008 Details You Actually Need
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The PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition blueprint covers these principal domains:
- Credit Risk (20%)
- ALM & FTP (10%)
- Risk Management Frameworks (20%)
The remaining domains appear in the full official outline, all of which our bank addresses.
As of the latest information, the passing score for the 8008 exam is 60% and the fee is $225 USD (Members), $350 USD (Non-Members). PRMIA can revise both, so confirm the current figures on the official site before registering.
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PRMIA lists the following prerequisites for the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition: PRMIA membership required; no mandatory exam prerequisites; recommended: relevant finance/risk knowledge or professional experience.
Confirm the details on the official certification page before you book.
Per current exam information, the 8008 exam includes 80 questions and allows 120 minutes minutes. Timed practice beforehand makes the format feel routine on the day.
Because every step respects your time. Buying is a simple, transparent procedure: choose your version or package, see the cost generated automatically, confirm, and order — then the materials arrive by email in about a minute. The 8008 content is clear, the main points easy to acquire, and every answer expert-verified; the PDF prints for paper review. When the exam changes, our experts devote their energy to immediate research and revision, and critical comments trigger improvement measures as soon as possible. A free demo lets you run a mini-test and confirm quality first, and your personal information is protected on an integrity-based platform throughout.
PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:
What percentage of average annual gross income is to be held as capital for operational risk under the basic indicator approach specified under Basel II?
- A. 0.12
- B. 0.08
- C. 0.125
- D. 0.15
Correct Answer: D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Which of the following statements is true in relation to collateral management?
I. A collateral management system need not consider the failure by counterparties to return collateral when due II. The extent to which counterparties may have rehypothecated collateral is not a consideration for a collateral management system III. Cash is an acceptable substitute for any type of collateral required to be posted IV. Haircuts do not apply to treasury issued instruments posted as collateral
- A. None of the statements is true
- B. I, II, III and IV
- C. I, II and III
- D. II and III
Correct Answer: A 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
When modeling severity of operational risk losses using extreme value theory (EVT), practitioners often use which of the following distributions to model loss severity:
I. The 'Peaks-over-threshold' (POT) model
II. Generalized Pareto distributions
III. Lognormal mixtures
IV. Generalized hyperbolic distributions
- A. I and II
- B. I, II, III and IV
- C. I, II and III
- D. II and III
Correct Answer: A 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Altman's Z-score does not consider which of the following ratios:
- A. Market capitalization to debt
- B. Working capital to total assets
- C. Sales to total assets
- D. Net income to total assets
Correct Answer: D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Which of the following is not a tool available to financial institutions for managing credit risk:
- A. Collateral
- B. Credit derivatives
- C. Third party guarantees
- D. Cumulative accuracy plot
Correct Answer: D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
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