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Sorry Sorry 140 to 180 hours in total including the first read, revision and questions.

I spent probably between 140 and 180 hours on revision. But I’ve got Risk experience and familiarity with the ops risk component (such as the different loss categories and Basel 3) due to my work experience. Still I’m not sure if reading more would’ve helped as I’m not the memorising type. But I...

That's precisely what I did, but it'd only be the correct answer if it was Conditional Probability of Default. If it was Marginal Probability of Default, then we'd need to take Probability Default in 4 years - Probability Default in 3 years. @David Harper CFA FRM if a question doesn't specify...

It should be average of 9 values - you exclude the 95.0th percentile.

There was also a question where they gave a table with the number of surviving companies over 3 or 4 years. Then they asked to calculate the probability of default within Year 4 (or Year 3, I can’t recall the number of years shown in the table). Was this a marginal PD or conditional PD?

Was this the question where the other options were alpha (vs benchmark), alpha (vs peers) and mogdiliani?

Anyone else who's sat for Part II before, what's your take on the May 2019 exam difficulty with prior sittings? On par, trickier etc?

Was this 240000 / 4? I did the same but it was a blind guess really.

That’s not my understanding of how dividend declaration works. I absolutely do not think there’s a “net off” factor here. You could say so theoretically, but in practice it should all go to Retained Earnings, out of which dividends are declared. Banks for example only declare dividends after...

1) For this, I picked Filtered Historical Simulation as the answer. 2) Why would existing Tier 1 capital not be impacted by declaration of dividends? Whenever dividends are declared, Tier 1 capital is reduced. The other options were wrong.

Ok but going on one number, what you have expected your result to be out of 80 (or rather, the best estimate of what you actually scored)? I’d imagine you missed the cutoff by one or two points only. And on the whole, which paper was trickier? Granted this paper would be easier since you put in...

Amit, you didn’t pass back in Nov 2018 on your first try. Obviously you’re better prepared now and should be able to pass. But going back to six months ago, how much do you think you scored of 80? I know someone with a 32212 who passed but was certain he scored no more than 45 correct, and...

If I remember I had the purple but yes in the first 10 or so questions lots of Bs. Then somewhere around question 30, there were lots of Ds. Very few Ds in first 20 questions. That’s what I recall anyway and it did stand out to me.

We really have no idea. However, I hope a mid to high 50s should suffice. I've narrowed down the range of my results to between 40-55/80 based on what's been discussed here, though I can probably narrow it down there further to 44-52/80. Will it be enough? Let's see. Fingers crossed!

No, definitely not - the third party vendors should develop their own contingency plans. I believe the answer was that the banks should place the same level of scrutiny on the third party vendors / outsourcing service providers, as they would if the function was in-house.

Yes definitely the answer was not to start it in house (which I recall was option A). I honestly can’t recall what answer I put but it made sense and was from the readings. When you’re a big bank or investment company, the best thing to do is to acquire a small firm that already has a head start...

That’s Vasicek....no?

No. Make sure you send them an email. I made an error with my candidate number for Part 1 back in May 2018 and yet I passed without any issue. I’d did reach out to them and explain what happened though, via email.