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Passed! Thanks David Harper and Bionic Turtle staff!

For normal parametric VaR, the two approaches are equivalent. For lognormal (also parametric) VaR, I would apply the square root law on the vol.

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If I remember correctly, the question asked what was the right statement about risk planning. One of the alternatives said that the business managers should submit the risk plan for the Board approval.

For the question about risk plan, I am pretty confident that the right answer suggested using scenario analysis.

Regarding the IFRS9/CECL question, I guess the correct alternative mentioned that under CECL provisioning, lifetime epxected losses were recognised since origination.

I remember the following about current issues: 1- one question asking which was the correct assertion about machine Learning. I guess the right one refeered to random forests, which avoid over fitting by averaging or taking the most frequent output of multiple decision trees. 2- one question...

Many thanks for the confirmation, David!

Thank you, @Nicole Seaman and the Bionic Turtle team! :) I would like to go for the Amazon gift card as well. Kind regards

Thanks for your reply, Emilio. My assertion is: I really do not understand what is partially corect here. My point is: the study notes mention that this formula is equal to zero, although the limit will be zero only if rho or sigma are equal to zero.

Hi, Regarding the formula for portfolio risk wiht many assets (p. 6 of Jorion/VaR study notes), the text says the following: "It is evident from the formula above, that the portfolio risk, sigma_ p, tends to zero as N increases". Shouldn't rhe risk converge to the product of sigma and the...

Hi, I am little bit confused with Crouhy's definition of "Pooled models", i.e. These models are built by outside vendors, such as Fair Isaac, using data collected from a wide range of lenders with similar credit portfolios. For example, a revolving credit pooled model might be developed from...

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