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1. ### Exam Feedback November 2019 Part 2 Exam Feedback

Yes, Hilton in London, indeed!
2. ### Exam Feedback November 2019 Part 2 Exam Feedback

Hi all, @David Harper CFA FRM , @Nicole Seaman First of all thanks to David, Nicole and everyone contributing on this forum. I passed FRM level 2 in November after having purchased BT and Schweser material. You will find below my feedback on the FRM program, the exam and BT. FRM program...
3. ### Errors Found in Study Materials P2.T7. Operational & Integrated Risk (OLD THREAD)

R67-P2-T7-Hull, p18 (Study Notes) Technically we shouldn't take the average of the gross income since only positive gross income are taken into account. If the gross income is negative in year 1 for example, we will only average the two other years. Reference: Hull (Risk Management and...
4. ### Errors Found in Study Materials P2.T5. Market Risk (OLD thread)

Hello, It seems to me there is a typo in Tuckman R39-P2-T5-Tuckman (p29). I haven't seen it reported anywhere else so I will post it here: The denominator should be 3,613.25.
5. ### Selection Bias Vs Survivorship Bias

Am I the only one confused about the various definitions of biaises? :)
6. ### Hull RMFI - EOC 15 Question 21 - Credit Equivalent Amount

Hi @PJAYAKUMAR , Hull has the following formula to compute the credit equivalent amount taking bilateral netting into account: I don't know how the 0.4 and 0.6 coefficients were derived but that's the formula. In the question, NRR=0.5 so credit equivalent amount =...
7. ### Selection Bias Vs Survivorship Bias

Hi @David Harper CFA FRM , Despite all the good explanation I am still confused about the definitions of the different biases. Those definitions don't seem mutually exclusive to me. As you mentioned survivorship bias might be a sub-class of selection bias, but it is not presented as such in the...