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Hi 1. I've recently watched a video of normal vs lognormal VaR where David explained that one of the most prominent advantages of lognormal VaR is that we cannot end with a VaR larger than the portfolio value. I have a practical question then though: if I were to calculate a VaR on my...

Hi All, I've started to prepare for Dec-2021 FRM Part II and wonder about using the BT's Study Notes though have some concerns and hence would be really grateful if you could help sort these out: 1. In sample Study Notes I see a very different structure to what I see compared to GARP curriculum...