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Ch 18 pp347: first sentence is a bit strange in terms of wording, not necessarily wrong but a more accurate sentence might be: "The dominant approach to management of changing interest rates is a funds management approach, which balances the management of both assets and liabilities."

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm a deja-vu (USD shortage 2007-8 -- more specifically October 2008)?

Ch7 Monitoring liquidity p147: Liquidity options differ substantially in function compared to standard options. The main difference is that standard options are exercised for profit, independent of cash flow post-exercise, while liquidity options are exercised because of the post-exercise cash...

You can't forget the fixes that have been done for the liquidity text book as well in the updates. I was revising the material and a lot of the things that were wrong in the previous text are already solved now (eg. ch1 exercise, but also ch4 some small wording: net return after tax vs before...

Same for MERIT: The M.E.R.I.T framework stands for: M – Measures: The specific metrics or indicators that are monitored to identify potential risks early. E – Escalation: The process of increasing attention or concern when certain risks are identified. R – Reporting: Regularly communicating...

I read from the OCC 2012 that pending regulatory action or CAMELS component can be an early warning indicator. It's never going to be a question on the exam I guess but still felt that I needed to share it CAMELS is an international rating system used by regulatory bodies to evaluate the...

The table of chapter 2 LTR page 16 (pp45 vitalsource) is not really easy to follow in the study notes as the transactions are really close to each other and the table is something I stared to more than 30mins without full comprehension. Is the following correct? Transaction #1: Initial...

I guess it mentions the cut-off based on the info chatGPT has about the FRM curriculum. But any other further insights are always welcome @David Harper CFA FRM

I asked to go 1 step further: Of course, let's break down the SVB collapse with respect to specific subtopics under each main topic area of the FRM Part I and II curriculum. FRM Part I: Quantitative Analysis Probability and Statistics: The significant decrease in the market value of SVB's...

I asked ChatGPT with the browsing function to connect SVB with the GARP curriculum: pretty basic I guess The SVB collapse in 2023 can be connected to various topics covered in the Financial Risk Manager (FRM) Part I and Part II by the Global Association of Risk Professionals (GARP). Here's...

On to Liquidity risk, Current issues was very short (76 pages or so without TOC). Aiming at 2.5 days for LTR

Can't seem to find the double-spend problem of crypto currencies CI-7 The Blockchain Revolution: Decoding Digital Currencies

1. "Deep in FRM2. If I start evaluating the risk of taking lunch breaks, send help." 2. "Currently studying FRM2. Not sure if I'm managing financial risk or it's managing me." 3. "In a relationship with FRM2 - it's complicated. (But then again, so are the calculations!)" 4. "Swimming in the...

Finished Risk Management & Investment management (340 pages) in 2 days. Now focusing on the notes of current-issues!

Ch9: bullet point is 3 instead of 4

Ch9: LOS not in the book Update, it is in the LOS though.... So don't know why GARP removed it or never added it in the books: https://www.garp.org/hubfs/Website/FRM/PDF/Study%20Materials/2023/FRM2023-Learning-Objectives.pdf

Not a mistake but: ch8: last bullet points = penultima bullet point

Hi @David Harper CFA FRM , @Nicole Seaman Just a fun question. How many questions are there included in the vitalsource (maybe with and without the "optional" parts), would be very cool to have it by chapter :) If not easy to do, disregard this one but I think it can be interesting to have a...

Finished ORR this morning -- Grinding through all notes of Risk management & Investment management

Was also confused by this 62%, It's actually not mentioned anymore in the books (if it was in the past) so would suggest to remove it in next revisions