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Note a mistake - but is it me or is GARP messing up the structure a bit and including double information?? I was reading the notes and the book & expected a learning objective on the changes after the GFC for Credit Risk, CVA risk, Operational risk in Chapter 22 of ORR as the information is...

ORR-22: GSIB on CCB & CCyB out of scope material book

Vitalsource 431 ORR-22 Basel 2.5 can be read incorrectly because why would banks otherwise try to use the internal model is it's subject to a minimum value of the cap req by standardized approach: should be "model-based charge may not be less than a fraction of the charge under the standardized...

I love the fact that there is such a detailed view for ORR and that the material was updated so thoroughly. But for some it may feel daunting: eg. 100 last pages which are in reality 21 pages in the book. Ok, the vitalsource also contains the exercises and I love the fact that BT goes the extra...

ORR-21: Just a note on an error made by GARP I think again...? @David Harper CFA FRM I saw the example below: In the book the exact same example is given: BB-rated 100Mio, 3 years, PD 0.01, LGD 30%; DR 14% But the solution is different: 61.4 The only difference is in the maturity...

Finalising ORR study notes first review.. 13 days left. Took 2 weeks of holidays to get some more work done next 2 weeks for FRM2

ORR-21: p388. Good examples but not in the scope of the book: only part in the book about the comprehensive approach is the following statement below. But love the example so would keep it in any case with a disclaimer: The alternative "comprehensive approach" required changes in exposure and...

ORR-21: Vitalsource 385: OK, how can GARP make an error like this? Please fix the LOS also in the notes :) "Standardized IRB", FIRB & Advanced IRB... There's no such thing as a "Standardized IRB" approach. The three primary methodologies for calculating credit risk under the Basel II and Basel...

The confusion about monotonicity comes from standard deviation and the risk-return relationship.. This table gives a very nice overview -- chapter 19 ORR (FRM Part 2) Ranges of practices and issues economic capital

P179 small typo: Risk event type Clients, practices and business practices => should be Clients, Products ... ;)

P143 I haven't read anything about correspondent banks (it's part of the annex of https://www.bis.org/bcbs/publ/d353.pdf and point 9. in the book with only a reference to the annex) -- again Garp forgot to add the annex in the books... Question 20.5.2 does not seem applicable then as GARP did...

Personal suggestion: chapter 10: add in 2LOD the fact AML/CFT officer cannot have any business line responsibilities and should not be entrusted with responsibiliies in the context of data protection of internal audit (conflicts of insterest). Although COI is mentioned in the bullet point might...

One addition.. All these terms. ISO (IEC 27036-2, ISO 27000), TIBER EU, UK CBEST, ISACA COBIT (4.1, 5), CPMI-IOSCO, US FFIEC, US CERT CIRCL, MISP, HKMA, MAS, TITUS, CMORG,BAFIN BAIT, APRA CPS 234.... don't know if I forgot any but below an overview: Term Short Description Region of...

Chatper 8 ORR Cyber resilience section 8.6 "Interconnections with Third Parties" is missing in the notes - Governance of 3rd party connections >> wide spread expectations and practices >> expectations on the scope of the ecosystem & mng of 3rd parties >> Observed supevisory practices -...

First of all, what a boring chapter/book ORR.. or is it just me that is not interested in anything non-quant? In any case Garp has just copy pasted the text from BIS (https://www.bis.org/bcbs/publ/d454.pdf) but has failed to add the Annex (A,B,C) in the book.. perhaps something to notify GARP...

I think this one is part of chapter 24 in fact. It is briefly in chapter 2 indeed, but he went over it too soon in the video as the focus on this topic was perhaps better at the end of the ORR book: p488 Vitalsource.

weird got redirected here from 64.1 (i.e. page 49 of VaR (142 in vitalsource)also link on vitalsource for spreadsheet does not work

Just finished the CR Focus Review which cover 23 LOS of the 160 in total (15%). Hopefully these are really most testable. @David Harper CFA FRM , do you do a mapping with exam questions linked to LOS based on cadidates' feedback? on a yearly basis? I don't mind looking into it.