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

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...

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...

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...

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...

Don't get example 7.2 in the books: Consider a portfolio containing five positions: A five-year senior secured bond issued by Ford Motor Company A five-year subordinatte unsecured bond issued by Ford Motor Company Long protection in a five-year CDS on Ford Motor Credit Company A five-year...

Hi David, I have a question relating sheet 29_7_CMS in the spreadsheets. Maybe a stupid one. The probabilities q & 1-q, are these normally given for this example? I'm maybe overthinking it, but as we are given the interest rate process we should firts derive it assuming a zero-coupon security...

Hi @David Harper CFA FRM , While going through the material and all videos for Credit risk. I noticed 3 subjects not in scope of the focus review. Ofcourse in the 2 hour session you go through the material that you've seen by candidates is highly testable. Is there an overview you currently have...

Hi David, Just a question, the last part of the video below contains LOS that are not inclduded in the study notes however the content of the material you treat there is also in the book...

Hi David, Just a question about netting. Could you perhaps provide an example of netting that imposes higher losses for certain credtors. Legal risk is mentioned in the notes but in the video you've also mentioned that it imposes other creditors to more significant losses. Many thanks in...

Hi all, I find it very helpful to get suggestions for material to fully capture the dynamics, macro view, history etc., I've stumbled upon an interesting lecture by Altman in 2019 at the LSE featured by SRC (Sytemic Risk Centre) on youtube: "50 years of Altman Z-score of 1968" which gives...

Hi @David Harper CFA FRM , Made a quick summary of the market sizes of the 2 markets, reading from the books. Any links that track the amounts as in the books those are numbers from June 2019. Would be excited to see how much these markets have grown since COVID. Also note that the interest...

Hi David, Nicole, Would love to hear your take on monthly / yearly news articles published related to the FRM designation or FRM topics in general. Could be an idea to make a new sub thread on the forum for? Eg. Ukraine / Russia, current inflation figures, (stockpicking would be more CFA...

Hi @David Harper CFA FRM & @Nicole Seaman, I'm reviewing chapter 16 of book 4 and came across this example in the instructional video and got confused: In this example the delta becomes more negative and part of the portfolio should be sold. However I wrote down in previous part of the video...

Anyone looking for an FRM part 1 study group? from Belgium. Hoover over my name and start the conversation.