@David Harper CFA FRM @Nicole Seaman , is there a possibility from your side to contact GARP for this? They say mid June. For me mid June is tomorrow at the latest. All the mails that have been sent just contradict themselves..
You can also perhaps include the post with the 2 e-mails embedded...
Exam went well! Had more than enough time. Had around 1 hour left. Some questions were a bit tricky, like for 2 or so I had no clue at all, around 10 or so it was a guess between 2 and all the rest gave me a bit of confidence. But it can always go the other way…
Below some questions that I...
Think exam went OK! Did my best to study all the topics, loved the many exercises offered by BT!
We'll see what happens ;) best case I'm an FRM in November, worst case I get to study everything again and become even better at my job :D
It's a bit weird:
Premium leg gets spread payment and accrual
So spread*(0.5*df_0.5*PD + df_1*(1-PD)) reflecting the default payment in half a year and the survival accrual.. NVM I below and it made sense
Payment leg = contingent payment which makes sense. 0.75*d_0.5 * PD
It's a bit weird:
Premium leg gets spread payment and accrual
So spread*(0.5*df_0.5*PD + df_1*(1-PD)) reflecting the default payment in half a year and the survival accrual (term is new for me in this context)??
Payment leg = contingent payment which makes sense. 0.75*d_0.5 * PD
Hi all many thanks for the updates, just wanted to ask about the formula sheet, is it up-to-date? :) if not no worries I think I'll have no time anyways, will revise all my errors on previous mocks.. also quiz ORR & IM is on my to do and focus review videos :p will be a full day haha
GARP
Mock...
2020 prestudy == 2021 prestudy (exact duplicate, no changes....)
2021 is also exactly the same don't bother making both. I would recommend to to change the overview by Vin
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...
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
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