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Do you @Nicole Seaman and @David Harper CFA FRM plan on building out an interactive test bank? I believe you have something similar to this with the quizzes.

Thanks Nicole. I think that's what confuses me. If we use losses net of recoveries (excluding insurance recoveries) or gross losses. Appreciate your help with this!

Should the loss component be based on gross or net loss? I like this idea for the approach by the way. We use standardized at my firm, might pitch this approach to them. (We're a non-bank but follow Basel for Ops Risk Capital).

Thank you so much David. I greatly appreciate the level of detail you provide in your answers.

Very helpful @David Harper CFA FRM , thank you!

Hi there, Not sure why I can't wrap my head around this, but when we calculate EL for a derivatives portfolio (compared to a loan portfolio) we're replacing EAD with EPE x alpha. The justification for this is that EAD becomes stochastic and is dependent on a level of market variables. Can I...

Hi @David Harper CFA FRM , wanted to clarify (this is a dumb question). Are we expected to calculate the z-spread w/ our calculator on the Part II exam?

Is there any empirical evidence out there that may suggest a positive correlation between credit risk and operational risk? Such as higher ops risk if home prices fall?

Has anyone been able to negotiate their salary (at your current job) after completing the FRM?

And that's all that matters.

Same here. 2,3,2,2. Phew.

Seems like a lot of people are passing. Did anyone not pass? Sorry for the question, just want to make sure these results are legit.

Woot, I passed Part I.

Good question - I would think so since they only contain 2016 LO's. Some folks are saying less than that.

This is going to be a long wait...

Anyone work in this field or know anyone that does? Whats it like and what kind of background is good for this? I know it is still relatively new in some industries. I have a bit different background than most. I'm working to get my CPA along with the FRM. I currently work in analytics for an...

I feel for you guys @ Wembley. Did anyone take the exam in Washington, DC? I heard that some folks had their calculators discarded.

Yeah - I'll definitely have to change the way I prepare and attempt the exam. I was only at question 11 at the first 1/2 hour mark, so I probably rushed a bit much through the rest of the exam. The FX-related Binomial question through me off too. I didn't have a chance to think it through all of...

How do you feel now? I took 4 practice exams (between Schweser, GARP, and Wiley). I scored the lowest on Wiley, highest on GARP. The actual exam? Nothing like the practice ones. If I failed Part I, I'm buying a year long subscription for Parts I and II here b/c apparently the questions are a...

This was my first time sitting for Part I. Holy cow it was difficult. I will say though that I guess no matter how I do, I will make sure to know each topic forwards and backwards and sideways because I did not expect some of those questions to be asked that way. Also picked the perfect day to...