FRM Part I · FRM Exam Part I · GARP Code of Conduct
Which behavior by a GARP member would most clearly violate the Code of Conduct's requirement concerning professional integrity?
Copying another practitioner's published research into a report without attribution is the clear violation. The GARP Code requires members to respect others' intellectual property, give proper credit, and avoid plagiarism. Declining outside one's expertise, citing authors, and disclosing conflicts are all behaviors the Code encourages.
- ADeclining to give an opinion on a product outside the member's expertise
- BAttributing a model's methodology to its original authors when presenting it
- CCopying another practitioner's published research into a report without attributionCorrect
- DDisclosing a conflict of interest to a client before giving advice
Explanation
The Code requires members to give credit for others' work and not to plagiarize. Copying published research without attribution breaches this. The other actions are consistent with competence, attribution and disclosure duties.
Did you get it right without looking?
One question tells you little. A timed set on GARP Code of Conduct shows your real accuracy, how long you take and where you lose marks.
More GARP Code of Conduct questions
- A risk analyst at a bank learns that her spouse has just been hired by a vendor that the bank's risk department is evaluating for a model-va…
- A risk officer discovers that a fellow GARP member in her firm has been submitting model back-testing results that omit several exceptions. …
- A risk consultant, while performing a model validation for Client A, discovers non-public information about Client A's planned restructuring…
- A member who is an FRM holder is asked by her employer to validate a credit model built by her own close relative, who is a contractor at th…
- A GARP member is preparing a risk report. Her firm's compensation depends partly on reported risk metrics being below a threshold. She has a…
- A risk analyst at a bank learns that her spouse owns a significant shareholding in a company whose credit limit she is about to review. Unde…