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Passed as well, 1111 for level 1, 111211 for level 2, not sure how I got the 2 in Liquidity Risk, thought I was decent there :p

I don‘t exactly remember the question, but you had to construct a portfolio with options and stocks where the payoff was the same regardless of if stock goes up or down (because that‘s fundamentally what a hedge is) - I don‘t think the risk free rate was relevant

That‘s just so annoying - I figured that was the formula, but the numbers didn‘t match (1.68 rounded down to 1.6), whereas there was a number thaz matched Duration of Assets - Assets / Liabilities * Duration of Liabilities, so I talked myself into that being the right answer. So stupid that they...

I called Hilton this morning and they said it is still on - my expectation (hope) is that unless there's new measures in place by then, it will take place

Hi, there are a significant number of topics in past 2 Op Risk Management that I cannot find in the book (anything past UK operational resilience) - are these optional / no longer relevant? Best Sam /Edit: I think I found my answer (they will not be tested). Maybe would be good to put that on...

If you guys still have a student ID, I'm studying at Uni Irchel :P

The formula I will leave to more knowledgeable people, but intuitively the way I think about it that there's really only one metric we ultimately care about, which is the "modified duration". The duration tells you something along the lines of how long it takes until you get your money back...

Speak for your own country, at the rate we currently have, Switzerland will have 250% of it's population having had covid by Jan :P

Switzerland just banned events of 50+ people. @all, in your respective countries, did an exam move usually follow an announcement like this? I'm really worried that GARP will wait until the last minute and try to find a loop-hole and we will just continue to study until the last minute (and then...

Are these recommended + has anyone done these? Are there solutions for these somewhere? I feel it's not too productive to do exercises without solutions

Hi Nicole, thank you, that helps a lot. I have just now noticed that the learning objectives in the videos are not aligned with the GARP learning objectives. From previous posts here I understand that this year has been a big change in material. I'm not too concerned as I am not planning on...

Hi all, I'm sorry if this is answered somewhere, but I'm getting a bit lost due to the mass of content everywhere. I'm currently mainly working with the question sets of the course (i.e. after each reading). Is my understanding correct that there's basically 3 sources of questions: - In the...

Exactly, that's what I'm thinking as well - and the level 1 is in the morning as far as I know so there should be no negative impact of "being worn out" at least for level 1 as a result of the 8 hour exam day. As for the pass rate, I don't know, I read it somewhere, cannot recall where. Very...

That makes sense. I am actually done with the part 1 readings from GARP and am now going through the BT material to make sure I have a deep understanding on everything, and am ultimately planning on maybe spending 60% of my time on level 1 and 40% of my time on level 2. Only thing that worries...

Hi all, any tips for someone who is planning on taking both levels of FRM in November now that the level 1 was moved? Best Sam