BTW, I passed (barely) Part 2 using BT only... I lacked the time to finish all the practice questions though. I think i would've scored better if I did.
Hi David
I have a practice related query.
Since PFE is like VaR, should it be also backtested like VaR?
let's say for example, a company sets pre-settlement risk limits using PFE calculations, and is approved by the board annually.
How do we backtest this?
(unlike VaR where we can simply...
Exam seemed fair. Although I wasn't able to answer everything (guessed on at least 10).
There were questions that appeared on previous GARP practice exams (Slightly modified).
What i learned here is to understand concepts in the AIM and not just rely on the historically highly testable items...
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