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Reading all these posts makes me feel like the exam is tomorrow. Ya'll are making me panic!

David gives a great presentation in the topic review video, and it addresses your question. The link is below, watch it from the 2:19 to 12:08 mark. If you still have issues/questions then perhaps you should consider reading Hull, chapter 17, it has only 10 pages. However, I must say that I...

Well you have to be careful. In my experience it has been worded in several ways, each one of which is equally confusing. In terms of this question, you just have to know that there is such a thing as a fixed for float CDS and David gives enough detail as to which party is receiving the fixed...

Hi GioKe, I see it as a fixed for float arrangement, similar to a swap. The counterparty receiving the fixed and paying the floating premium ("fixed-leg counterparty") would have to pay more than they did in the previous period because the floating premium increased. This party is long the...

"When a portfolio manager says he uses stratified sampling, he wants the listener to 1) be impressed and 2)ask no further questions" Grinold

Thanks for the kind words @QuantMan2318 . Wherever destiny takes me, I'll definitely remember the kind words shared by everyone in this forum.

You're too kind, Brian. I doubt any one of you will be working for me, not because you won't qualify but because you all are way ahead of me in terms of experience and knowledge. Now Mr @QuantMan2318 on the other hand, yeah chances are he's going to be ruling the world and I'll be standing in...

Hey @QuantMan2318 , Thanks for the feedback and your perspective. The denominator that I'm looking at, pre systemic risk adjustment, includes what you mention above + strategic capital which is comprised of goodwill and burned-out-capital. I do agree with your points regarding the...

Hi David, Just noticed that Crouhy, et al. mention that "Goodwill is also depreciated over time" on page 150. If I recall correctly, under FASB, Goodwill is not amortized but is tested for impairment and charged of appropriately if impairment exists. However, there seems to be an exception...

Just read the "Range of Practices..." in operational risk and ERM using GARP books -- PAINFUL!

In 100% agreement with @brian.field . The forum is indeed a great place to make friends.

It's the Mike Tyson left hook, Sneaky!

Make or break time!

Not a problem at all. Also keep in mind that the forum in BT (Bionic Turtle) is a great way to get your questions answered. Chances are someone has already asked the questions you have in the problem set specific forum. David, Nicole, and participants of the forum are generally helpful as...

Definitely agree with @brian.field . Plus his situation seems to be much closer to yours.

Hi Paul, There is no rocket science here, just a lot of work. Though I can't relate to having child part, I can relate to having a fear of formulas and quant items. I never liked math growing up, but still decided to pursue a degree in Finance, CFA, and FRM only because I enjoy conquering my...

Thanks for sharing Brian. Very interesting indeed.