Search results

Some that I am honestly not too sure about and hope you guys could share the answers: 11. Duration / Cash flow / Principal mapping -> Answer = Cash Flow VAR < Duration VAR (incorrect?) 1. Stressed loss -> Answer = (stressed pd – non-stressed pd) * EE * LGD (incorrect?) >>>For this, was there...

Yes, the underlying distribution is bimodal, but the volatility smile itself was a frown. Unless they ask for the distribution graph rather than the volatility smile graph...

On the LTCM question, I admittedly can't remember what the options were and I also can't exactly recall what I put down for sure. On the portfolio construction...I was totally confident Quadratic Programming was correctly described. I didn't even bother reading the rest! What does it matter if...

I personally felt that the paper was incredibly tricky. I am not confident I'll even get more than 40/80. I even made a couple of silly errors! If the pass mark is at around 45/80 I may luck in, if it's 50/80 and above I'll see you guys again in November. I'm documenting the list of...

Market Risk: 1. Lognormal VAR calculation - given annual volatility, compute daily VAR 2. 95% ES 3. 98% ES of 252 trading days 4. Mean reversion, long-run mean rate -> Answer = 0.26/0.72 = 0.36 5. Ho-Lee model computation - two period down -> Answer = apply formula, use square root for the...

The difficulty was kinda crazy. There were at least 15-20 problems where I got it down to two choices! I managed to sit and recall 40 questions - of these I expect anywhere between 22-25 corrects. Now if I managed to score above even in the other 40, and the passing mark is around the 50-55%...

There is no way a phone that's turned off would switch on for the alarm. Zilch. GARP policy clearly stated that it was not sufficient for the phone to be put on airplane mode...it had to be completely switched off! Yes, it's disheartening, but this has to be a lesson learned. GARP played by the...

Thanks folks for this forum allowing us to discuss with others taking the FRM papers. I recall this same thing happened last year May for Part I. Am incredibly excited for the Part 2 paper tomorrow. Hope everyone is well prepared. It's in our best interests as candidates to not talk about...

I just did the pre-mock test for Part II from GARP and scored 14 / 20. I was actually pretty surprised cause the calculation questions were pretty direct, and there seemed to be around half or more than half of questions revolving around calculations. For Part 1, as I recall, the actual exam...

Will something like Q3 be tested at all in the exam? The formula to work out the answer is fully presented in the question. On the flip side, the formula is super obscure if it weren't guided...in such a case will this even be tested if there's no guidance provided?

For Q3, is it intuitive to us 2.33 as an approximation, where answer is 1.65 * 12.56 + 3.0 = 23.72. And then adjust this upwards as the standard deviation for the distribution with kurtosis of 2.95 should be slightly higher than that of the normal distribution?

Can anyone share the type of questions that were asked for Current Issues. Does it require any further understanding than merely reading through the respective papers?

Just wondering, how many hours did you guys put into FRM Part 2? Is 150 hours (with solid understanding of risk concepts otherwise) sufficient for a Pass? What study technique do you recommend for someone pressed for time? Thanks!

Hey everyone, First off, congrats to those who've been certified FRMs! I was wondering though, what's like likely passing mark for FRM Part II, going by your individual experiences? For example, when I took FRM Part 1, I was certain I scored no more than 65/100 (or if you stretch it, maybe...

Hey guys, what would your best guess be of the passing mark for the May 2018 Part 2 paper? 50/80? Less, or perhaps more?

Hi guys, Passed FRM Part 1 in May 2018. Are there any tips and tricks to studying for Part II, or is it pretty much just continue doing to same thing I'd done for Part I? I studied the notes topic by topic and did some questions after every topic over a period of 3 months. Then 5 days before...

Hi David, could GARP have made an error previously in releasing the pass rates, and these are the actual revised/corrected pass rates? Also, if indeed 40.6% is the lowest since Nov 2010 for Part 1...and judging by the lower than LTA scores in recent years...what does it say? 1) GARP increasing...

What are the FRM part 1 May/Nov 2016 figures different from those compiled by David? David's shows them as 44.5%/44.8% but yours shows both at 40%. Big difference! If David's numbers are the correct ones...was this the lowest ever Part 1 pass score?

Dear all, What exactly does GARP for in terms of work experience? How complicated is the submission? What type of verification do they do on their part? Thanks!

Will they call my managers? By year’s end I will have one year experience in asset management and one year in life insurance, both in risk management roles. Will it be ok to accept experience from two jobs?