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Yeah, same thoughts for me. But I had the feeling that the analysts argued primary about the market volatilities and financial distress from the emerging market, so hence Sponsor Risk for me. But of course....its free for interperations and guesses...no really good question....

Don't know the question exactly but I had in mind "ghost effect" due to the rolling horizon and hence and increasing VaR, but im not sure if Im getting confused with another question

I thought to have in mind that the question was which product (nth-Basket, CLN, CDS?) has the smallest credit exposure? Something like that?

I marked Sponsor Risk due to highly Cash Flow / economic risk (high Vola) arising from emerging markets.

Im with you :)

I choose Rehypothecation and Reduction of Exposure (Libor > OIS, hence denominator gets bigger and Exposure smaller), FVA with OIS or Libor should be irrelevant or at least not "easier"

Don't know the question exactly but I thought to have in mind that the y-axis was "Diversification benefit"

For me it felt like Part I - only with 20 questions less and hence more time to think on the questions...(and I also think that 20-30% of my learning time was wasted (again)...especially regarding the quantitative formulas)

I think decrease / decrease is correct...I also marked decrease call, increase put...tricky

Cant remember the question in detail, what have been the other possible answers?

Some story for me for Part I, but my CL ist not 100 :)

I see your point. But who knows what GARP thinks in the background? Maybe they count both answers as correct.

Yes, I think here in this forum you ve got an "opinion bias"

Sure? Net Cash Outflow changes

For me it is kind of strange / frustrating (same feeling for Part I in May) to learn about 30 slides of formula and at the end you have got primary quantitative questions about VaR/L-VaR/Fund Surplus... Not a single question (!) about Binomial Trees (as far as I remember) or IR-Models (similar...

thanks, lets hope the best.

Hi all I hope my questions fits in this topic area. I would like to know if someone has experience with ES as a daily Risk Measurement Tool for financial Institutions? Within my Bank there are thoughts to change VaR against ES as the new daily risk measurement (respectively as the tool with...

Nice! Memories for a life time.

Nope, not yet.

Dont know exactly how, but I passed too with 1,1,3,2. I still swear that I have only about ~50-60% of the questions right.