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This question came up again. I went with what David explained. Although in May I opted for the methodology applied in the GARP's mock exam. Overall, it was tough, especially for non-native speakers. GC vs Special rate question screwed me up good.

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I concur.

But how about those who received Congratulation letters from GARP?

Really? So there is no section-wise cutoff? As in, if you absolutely bomb one/two sections but get to score high in other areas, you are still good?

I did apply this, but not sure if it is correct.

I also chose IR for selecting the best manager; For sharp ratio optimization I selected do nothing, as return/sigma was the highest already; For #5 I vaguely recall selecting something about threshold as well :)

There was a VaR question about a portfolio of 68 bond equally weighted, each 2 million worth. 6 defaults were expected and defaults were independent. What is VaR at 95%. Does anybody remember the question and its answer?

Should not you take LGD into account as well, like LGD*EE*PD?

Yep, pretty much the same observation here. Just got out of the exam room disappointed. I wonder they always do Part II this hard ...

Hi Aiman. Are you taking FRM Part II tomorrow?

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Please report back if you hear anything from GARP. I am in the same situation. Thanks!

It actually is part of the new curriculum for Part II :D:D:D

Yep, the same ...

Any North Americans got results yet? I feel like the list is being updated by geographic location ...

:D:D:D

Hi, A quick question. Is it possible to pass FRM I if I fully cover the whole chapters of the books recommended by GARP, which are basically can be found in AIM? Thanks.