I see it very similar to Barings, taking positions in derivatives and betting on the underlying. Nick Leeson did it with Nikkei futures and JPM misused CDSs.
It is also similar to Metallgesellschaft (Selling long-term protection for short-term protection bought), betting that investment grade...
If you want my opinion as someone who attempted and failed CFA level 1, I would say the following:
- You definitely need to spend more time to study. I finished a Master degree in September 2010, and suddenly decided to join the next CFA exam on December 2010. I had only 3 months, and I was...
Hello,
What are possible ways to quantify liquidity risk for banks, and hence allocate capital for that risk under supervisory review (Pillar II)? Is there like an industry standard or banks are free to determine the way they asses and quntify that risk.
If for example, within 1-month horizon...
Clear! 2 2 2 2 from the 1st attempt.
Thank you David! Never possible without your videos and Excel sheets, particularly the Excel sheets, the very complicated concept to explain or digest becomes a piece of cake after reivewing a related Excel sheet of yours.
Have a nice day!
I did it already few hours before the announcement, and added an avatar too :)
I never used the forum effectively while peparing for the exam (before 19 Nov.), now I'm checking it continuously (the opposite of most members).
But seriously David, your videos, notes and practice questions gave me...
Done in Riyadh! I followed a strategy to leave long unclear questions till the end .. by the time I reached question 100, I had only 30 minutes left and about 30 questions undone! Spent around 10 minutes transferring my answers to the answer sheet. and 20 minutes were mainly to "quickly...
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