Ultimate access to all questions.
Answer-first summary for fast verification
Answer: Removal of the GARP Member's right to use the FRM designation
**Correct Answer: C** **Explanation:** C is correct. According to the GARP Code of Conduct, "violation(s) of this Code may result in, among other things, the temporary suspension or permanent removal of the GARP Member from GARP's Membership roles, and may also include temporarily or permanently removing from the violator the right to use or refer to having earned the FRM designation or any other GARP granted designation, following a formal determination that such a violation has occurred." A, B, and D are incorrect. The GARP Code of Conduct does not state that these consequences would result from a violation. Specifically: - A is incorrect because GARP does not automatically notify employers of violations - B is incorrect because GARP cannot suspend someone's right to work in the profession, only their use of GARP designations - D is incorrect because ethics training is not mentioned as a specific consequence in the GARP Code of Conduct
Author: LeetQuiz .
No comments yet.
A newly hired risk analyst at a bank is a certified FRM. The analyst is reviewing the bank's policies and procedures related to employee conduct and notices areas where they conflict with the GARP Code of Conduct. Which of the following is a potential consequence of violating the GARP Code of Conduct once a formal determination is made that such a violation has occurred?
A
Formal notification of a violation sent to the GARP Member's employer
B
Suspension of the GARP Member's right to work in the risk management profession
C
Removal of the GARP Member's right to use the FRM designation
D
Required participation by the GARP Member in ethics training