Explanation

When a formal determination is made that a GARP member has violated the GARP Code of Conduct, the potential consequences include:

• Suspension of GARP membership - Temporary removal of membership privileges
• Revocation of the FRM certification - Permanent removal of the Financial Risk Manager designation
• Financial penalties - Monetary fines imposed for the violation
• Public censure - Public announcement of the violation and disciplinary action

Since all of these options (A, B, C, and D) are potential consequences, the correct answer is E: All of the above.

This comprehensive approach to enforcement ensures that GARP maintains high ethical standards within the risk management profession and protects the integrity of the FRM certification program.