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Learning Objectives: Define and explain CDS-bond basis. Compare default probabilities calculated from historical data with those calculated from credit yield spreads. Describe the difference between real-world and risk-neutral default probabilities and determine which one to use in the analysis...

@jnrngzhng Thank you for pointing this out. It has been fixed.

@jnrngzhng Yes, T6 = Topic 6, Credit Risk We label our practice questions to reflect the part, topic, and year written. This set(P2-T6-24), for example, reflects a Part 2, Topic 6 practice question written in 2024.

@jnrngzhng The answers to our practice questions are available to members who have purchased one of our FRM study packages. You can view the features of each study package here: https://www.bionicturtle.com/frm-part-2#frmPackages. If you have any questions, please contact our support team, and...

Learning Objectives: Define the hazard rate and use it to define probability functions for default time as well as to calculate conditional and unconditional default probabilities. Describe recovery rates and their dependencies on default rates. Define a credit default swap (CDS) and explain its...

Learning Objectives: Describe how to identify causal relationships and how to use Risk and Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), and education to measure and manage operational risks. Describe the allocation of operational risk capital to business units. Explain how to use...

Learning Objectives: Compare agencies’ ratings to internal credit rating systems. Describe linear discriminant analysis (LDA), define the Altman’s Z-score and its usage, and apply LDA to classify a sample of firms by credit quality. Describe the relationship between borrower rating and...

Quantitative Analysis QA-14 Ch14 Machine Learning Methods Instructional Video published 05/07/24 QA-15 Ch15 Machine Learning and Prediction Instructional Video published 05/07/24

@AUola2165 Thank you! I am still working on inputting some of the more recent PQs that we've published here in the forum and in the PDF, but we are very excited to offer this new feature! :)

We are excited to announce the release of our new Interactive Practice Question Platform, designed to revolutionize your FRM® exam prep experience! This innovative platform, available with the purchase of an Advanced or Professional study package, is packed with benefits that will help you...

Liquidity & Treasury Risk Measurement and Management LTR-7: Castagna, Ch 6: Monitoring Liquidity Instructional Video Published 04/29/24

Credit Risk Measurement & Management CR-5 & CR-6: Doumpos, Analytical Techniques in the Assessment of Credit Risk, Chapters 1 & 2 New Practice Questions Set published 04/29/24 CR-11 & CR22: Malz, Chapters 8 & 9 New Practice Questions published 04/29/24

Current Issues Review of the Federal Reserve's Supervision and Regulation of Silicon Valley Bank Study Notes published 04/29/24 The Credit Suisse CoCo Wipeout: Facts, Misperceptions, and Lessons for Financial Regulation Study Notes published 04/29/24 Artificial Intelligence and Bank...

Liquidity & Treasury Risk Measurement and Management LTR-14: Tuckman, Chapter 12. Repurchase Agreements & Financing New Instructional Video published 04/26/24

Learning Objectives: Explain how a loss distribution is derived from an appropriate loss frequency distribution and loss severity distribution using Monte Carlo simulations. Describe the common data issues that can introduce inaccuracies and biases in the estimation of loss frequency and...

Learning Objectives: Describe the different categories of operational risk and explain how each type of risk can arise. Compare the basic indicator approach, the standardized approach, and the advanced measurement approach for calculating operational risk regulatory capital. Describe the...

Learning Objectives: Describe the use of a single-factor model to measure portfolio credit risk, including the impact of correlation. Define beta and calculate the asset return correlation of any pair of firms using the single factor model. Using the single-factor model, estimate the probability...

Learning Objectives: Define and calculate default correlation for credit portfolios. Identify drawbacks in using the correlation-based credit portfolio framework. Assess the impact of correlation on a credit portfolio and its Credit VaR. Describe the use of a single-factor model to measure...

Please use this new thread to let us know about any errors, missing/broken links, etc., that you find in the 2024 materials that are published in the study planner under P2.T10 Current issues. This keeps our forum organized. We appreciate your cooperation! :) PLEASE NOTE: Our Practice Question...

Please use this new thread to let us know about any errors, missing/broken links, etc., that you find in the 2024 materials that are published in the study planner under P2.T9. Investment Management. This keeps our forum organized. We appreciate your cooperation! :) PLEASE NOTE: Our Practice...