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I think they were asking about NSFR liquidity impact, not sure what RAROC has to do with it?

There was a mean reversion question, but I think they are asking about autocorrelation question

I don't see how centralizing project decisions would help a business line manager? Maybe I did not interpret the question correctly

I don't think it said only risk, but I think there was one that said only returns and it was not correct

One of the pitfalls of Bitcoin is them being used for money laundering. Since there is no central authority verifying account identities, your counterparty may be a drug dealer or may be in embargoed country

If I am given a $200MM portfolio with 3 assets and projected portfolio SD of 17%, how to compare VaR between projected portfolio and equally weighted, perfectly correlated portfolio at 95% confidence? Assume Asset 1 volatility is 17%, Asset 2 is 30% and Asset 3 is 8%?

I have a question about filling in the bubbles. I switched answers so filled in both bubbles and wrote in the column Final Answer. But then I crossed out the first "final answer" and replaced it with my real final answer. Will they count the question?

If you are given LGD and EAD for 2 year timeframe and annual PD rate, how do you calculate expected loss?

Yeah but I think it said that the company should write the plan for the vendor, which doesn't make sense? The vendor should write their own plan

I agree with most, not sure about MVAR and BCM planning. I think I put they had to look at all external audits of the vendor

I used this formula: Forgot what I put down as the answer, maybe 7 something?

I am so risk averse I took a 10am train to get to NYC. Got to exam site at 12pm.

I skip the calculation questions that have multiple steps. I rather go for the low hanging fruit and grab those and come back to calcs later

Really? So you expected them to ask multiple questions on unsmoothing?

I did not fall into the time trap and my 1st pass through the exam was complete before 2 hours remaining mark. At that point I had 10-15 questions starred to revisit. I got blanked out on calculating forward rate, not sure what the actual answer is I also got stuck with var comparison of...

I will talk more details when my head isn't spinning, but this test was harder than any practice I've seen. They go deep in certain sections and you will never know which ones Not feeling too confident right now

There was a question on mapping for different asset classes

On the 2nd bullet, watches are not allowed. Especially smartwatches

Hi @David Harper CFA FRM any input into this? Margin step up is listed as a credit enhancement

I think it is n-1 because there is a 1 added to numerator