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I think, I was right.

Delcaring quantile results would be difficult this time for GARP. All questions were so mixed that it must be difficult for GARP to classify them to a specific section.

Passed and relieved! :)

Hmm may be you are right, but given the fact that generally 55% is the passing rate, it is hard to believe that 55% of all people who appeared will score more than 60% marks in this exam. I could be overly optimistic though.

How many of you think 32~40/80 (40%-50%) could be passing score in this exam? Given the difficulty level, it can be passing score, who knows!

yes sir.

DD was supposed to be calculated using LN formula. I was able to get the answer among the available choice.

I got the same answer.

There were actually 8 members only which explains answer as 50 m. There was a question on CCAR stress scenario where a portfolio had significant exposure to domestic securities. I answered A that risk manager should use the stress scenario developed by regulators.

Some questions: 1. Market risk charge using stress VAR 2. Change in CVA given the 3 years of pd, EAD, LGD values 3. CVA where discount factor LIBOR was regressed against another factor 4. London whale: what happened 5. Cyber security, what should be first step of CEO 6. Q-Q plot 7...

I calculated DD=(log(V/threshold)+(mu-sigma*sigma/2)*t)/sigma*sqrt(t)

There was something on implied credit VAR which I was not aware of. Any idea ?

At 55 correct answers, You should sail through..

Does Anyone remember questions on current issues in today's exam?

Can you add questions on current issues, if you remember some? I am trying to match answers.

Yoooung, Did you appear for both part 1 and part 2? If yes, How was part 2? There is a separate thread to discuss part 2 questions.