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http://www.nytimes.com/2016/06/08/business/dealbook/french-bank-is-ordered-to-pay-trader-who-almost-ruined-it.html?smid=li-share&_r=0 Looks like Soc Gen knew about his trades the whole time - and just a few days ago, they were ordered to pay him the bonus he earned as a result of his rogue...

Dear GARP: Please refrain from sending me emails while I am waiting on results! Love you!

3 more weeks....this is agonizing!

Awesome post @Dr. Jayanthi Sankaran! I would add that this depth is way beyond what would be expected on the exam.

Fantastic!

Incidentally, I was studying for the SOA's MFE exam last year and they allow the TI -30XS (or something like that). On my way to the FRM II exam last week, I double checked the calculator list and realized that it was NOT an approved calculator! Stopped at staples in the way! (Thankfully, I...

"There are no exams available to register for. Please check back soon" is better than "You Failed!"

So.....let me try to justify my statement, even though I regret some aspects of the delivery (my apologies for that.) We live in the real world. Some folks think that the exam should be easy. It is not easy. Some people complain about it being unfair - it is not unfair. Some people claim...

Gregory's text covers this - I suggest you look there. z is a standard normal random variable (which presupposes a normality assumption.)

To state that the GARP books are not adequate to pass the exam is absurd - people really need to reassess their level of commitment to this designation if they are claiming the exam is unfair or too difficult. If you want to quit because it is too difficult, then quit. The rest of us will...

PFE is simply the analog to a relative VaR (if I remember correctly.6. So you need a confidence level, an interval length, and the corresponding parametric election or data and the PFE would be sigma*z(*notional)

My two cents? RELAX EVERYONE!

And this, my friends, is why @Mkaim is the man!