Since Dodd Frank Act prohibits banks to use credit ratings for calculation of regulatory capital, is it fair to say that no US bank uses standardized approach (since std. app. was largely based on external credit ratings?
Also, I am reading a recent "Revisions to the Standardised Approach...
Jotted down some thoughts........
First of all I am so relieved to pass with decent quartiles (Credit 1, Market 1, Op 2, Risk Mgmt 1, Current Issues 3).
Preparation time: 5 Months (average weekday run rate of 3 hours, weekend 6 hours per day)
The amount of material is OVERWHELMING. So start...
Part II was by far one of toughest exam I gave. Excruciating amount of material. Start early. I do want to capture some detailed observations for Part II. Will post over weekend.
I used HP12C later switched to BA II plus. I found HP12C too unfriendly. Keep it simple.
BUT Golden words:- 'More important than selection is that, having selected one, you practice and get comfortable with yours.'
Esp. for Part 1 candidates, please know how to hammer your calculator - STORE...
See Nov 2015 pass rate. I recall reading in BT thread that people were complaining that "how come pass rate is so high", "GARP has reduced standards" etc. .. :( ..
Now I wish I gave in Nov 2015.
https://en.wikipedia.org/wiki/Financial_Risk_Manager
PS: This is also my 100th post in BT. How...
Last year Part 1 for me was pretty good. I came out confident and did well 2 1 1 1.
But Part 2 now was brutal and I came our with such a sinking feeling (all months of effort ..weekends felt wasn't worth). I it is not fair. It is very easy for GARP to create a tough exam. Many questions were...
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