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passed quite marginally ~~ 2-2-3-1-3-4 , can't believe score 1st quartile in liquidity risk but is shocked to have 4th in current issues. anyway, thanks BT

From exam arrangement to communication and even the last minute to defer the result announcement, all are in a mess. Please tell us what you have done, GARP..

agree with any one of you that the exam is tricky and tough, especially for those mini-case studies which we were given a scenario and being asked which is correct. It seems that the choice of options represent different concepts, probably not from the same topic. I am just curious to know how...

thx Nicole and David :)

Hi Nicole Thanks for your update. I am just wondering why there are no current issues update but have questions. With your explanation, I know how to allocate my revision. Thanks.

Hi Nicole Given the short time ahead of the exam, may I know when will the remaining notes be published, especially for the current issues of level 2, which could not be found in the official materials?(please let me know if I missed something). Thanks.

I am not saying GARP has done nothing. What I mean is that they should demonstrate their professionalism, especially in this challenging time and for being a reputable institution. We could also imagine the exponentially increasing workload, but no excuse please.. we are also studying and...

Another concern is what the passing score will be....the number of candidates sitting in the exam will be significantly less than usual, every candidate will be more representative to determine the passing score..... will this increase the volatility (variability?) of scores such that it is...

I agree with you that staff members of GARP should have normal day off, even in today's situation. What I worry most, like many of the candidates, is another arrangement similar to the exam cancellation of HK in 2019 - saying everything would be fine but suddenly cancelled the exam 3 days before...

You point out the most important thing... I am not saying the FRM materials are not useful but repeatedly studying them can kill. especially in this chaotic time.... I personally am dissatisfied and even angry with the poor communication of the GARP...almost no update except those stereotype...

So, HK candidates will be unable to attend the FRM Exam for a straight 3 times? should I continue my studies..

Just to express my dissatisfaction on the GARP. In November 2019, the agency already lagged behind the CFA Institute in canceling the exam in Hong Kong. Now it is gambling to host the May exam as scheduled again at the expense of candidates - who not only worried about the significant change of...

Hi, May I know the difference of the below terms? Thanks. 1. hot money VS vulnerable money 2. core deposit VS non-core deposit 3. structural liquidity VS tactical liquidity In addition, what is the meaning of TSAA (term structure of Available Assets)

the 2 terms are found in the notes Ch. 10 The investment function in financial services management. What are their difference? Thanks.

HI, may I know is Ch. 5 Capital Structure in Banks (p.170 - 186) of FRM level 2 Credit Risk Measurement and Management missing? Thanks.

Billion thanks David, I just wonder if I missed some important concepts. Your detailed reply erases my worried

hi, on p.28 of the notes P2.T5. (Bruce Tuckman, Fixed income securities), it says if the market price assumes to be $3,613.25, which is $2.8 less than the calculated model price of $3,616, the OAS turns out to be 10 basis points. May I know how does this "10 basis points" come out? thanks...

hi ami44~~ sorry my typo again, should be wᵀ · C · w ≥ 0, thx

that is more clear to me ~~ thanks David

Thx all of the above. Let me try to rephrase. -> use the same value of parameters when calculating variance and co variance -> consistency of variance and co variance -> w(transpose T)w => 0 -> variance-covariance matrix are positive-semidefinite. Kindly correct me if any. Thanks a lot.