Delcaring quantile results would be difficult this time for GARP. All questions were so mixed that it must be difficult for GARP to classify them to a specific section.
Hmm may be you are right, but given the fact that generally 55% is the passing rate, it is hard to believe that 55% of all people who appeared will score more than 60% marks in this exam. I could be overly optimistic though.
There were actually 8 members only which explains answer as 50 m. There was a question on CCAR stress scenario where a portfolio had significant exposure to domestic securities. I answered A that risk manager should use the stress scenario developed by regulators.
Some questions:
1. Market risk charge using stress VAR
2. Change in CVA given the 3 years of pd, EAD, LGD values
3. CVA where discount factor LIBOR was regressed against another factor
4. London whale: what happened
5. Cyber security, what should be first step of CEO
6. Q-Q plot
7...
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