Search results

Hi BT Folks, GARP is asking a FRM candidate (who passed P1 and P2 exams) to fill in the following for the two-year employment verification process: We require each candidate to provide at least 4 to 5 sentences on how YOU use financial risk on a daily basis in your job(s) that cover a two...

Hi BT folks who have taken P2 exam today, How was the exam? There were some surprise/cheesy(i.e. minor details) questions, but I think overall difficulty was similar to GARP's practice exams. I think it was a fair exam. Needless to say, I want to repeat saying: BT materials (especially PQs)...

Hi David, BT folks, I am having a bit of trouble understanding default probabilities in two different worlds. My intuition is that real world default probabilities should be `more` than risk-neutral default probabilities due to the CAPM framework (e.g. people usually takes more risk (hence...

Hi David, Suzanne, T5e.1 spreadsheet is mentioned as a reference from the last video (Fabozzi MBS chapters) in T5 but I could not find it in our BT spreadsheet links - I am wondering where can I find this spreadsheet? Thank you! RiskNoob

Hi David, Thank you for posting 2013 T6 notes! It must have been tough work in this pressing time since more than half of the T6 chapters got replaced this year. I notice that T6 is quite a bit of HUGE topic (BT note has ~200 pages, although it has some PQs, and also it is the thickest Part...

GARP mentioned Part 2 readings will be out in early January but it is almost mid January already! Hopefully they wouldn't delay too much publishing the readings otherwise it will be tough to consume all of these readings for the upcoming may exam. In any case, I hope to see more activities...

Dear David and Suzanne, Again, BT FRM study packages, as well as active friendly support, proved to be the most effective third-party provider for preparing the Nov 2012 FRM exam. I, who had no formal financial background before FRM, was definitely well-prepared for the Part 1 exam using...

Hi David, Could you help me out to clarify the basic backtesting? From the last sentence in page 61 in BT notes (Jorion Ch6, Backtesting VaR), it says: “…In the case of an incorrect model (below right; 3%), the probability of a Type II error is 12.8%” If the t-statistics from given sample...

Hello, GARP just published FRM preparation handbook, candidate guide and exam study guides for 2013. http://www.garp.org/frm/study-center/study-materials.aspx (For P1, there were a quite a bit of changes for T1. and for T2, and basic prob & stats contents are the same but assigned readings...

Nothing fancy though, and GARP only accepts the printed ticket(i.e. no smartphones). The exam will be held in 16 days, hope the preparation goes well, good luck everyone! :) RiskNoob

Hi David and BT folks, In Chapter 4, SW, the author states the following: "Finally, the R^2 regression of Y on the single regressor X is the square of the correlation coefficient between Y and X." There was no further explanation on this but it was not so trivial to me. :confused: There...

Hi David, I plan to study FRM P1 by mostly using BT materials(study notes + tons of practice questions from BT). By briefly looking at the study notes, I feel that I still need selective topics in core readings for the supplementary contents. Don't get me wrong, the study notes' quality is...

Hello BT, I would like to take a look at sample study notes before purchasing a BT FRM package, but I can't open the files (tried all 5 sample notes in How-to study notes section) - Adobe reader complains that it is either not supported type or file was damaged. I am using adobe reader 9...