From the previous threads understood that, Operational Risk Management experience was rejected for few of the candidates which shouldn't be the case ideally. I would like to hear from you guys on sharing the experience. Will GARP consider/weight current experience than past. Will it be only Risk...
Hello All, Congrats to all of you who were passed and got certified. As Nov'19 Part2 results are going to be out in couple of days, would like to seeks few details in terms of filling the experience details while submitting for certification, Could you please what're the do's & don'ts while...
Hi David, I cleared Part1 & sat for Part2 in Nov'19. I've been working on operational controls for a year now and would like to continue this profile. In order evolve more and get hands on experience, could you (or other forum members) suggest me the best resources, tools, materials and other...
Hi...I'm little bit late to share my experience and views on the exam.
As usual exam is dominated by theory questions this time too. 1/4th of the exam is on quantitative part. My paper starts with a questions on difference b/w Filtered historical simulation and historical simulations. Answers...
Amazing...Scoring 60-60 marks in part2 is beyond the means...We would like to hear your preparation strategy and your approach towards the exam which would be helpful to all part2 exam takers... How did you manage your time to cover the syllabus and complete all set of questions in 240 mins...
Have seen last time in FRM part 1 Nov'19 exam feedback forum discussion, link of May'19 exam results was posted/referred for Nov'19 exam and that created lots of unnecessary nuance to all part1 users in the forum. Please refrain from doing so this time... Lets be patient enough until results...
RR is 0.4. As per formula, denominator s 1-RR. So it is 1-0.4 = 0.6 which is LGD.
Even I selected size of loss, but as per the definition, I'm suspecting it should be frequency of loss.
Ops. risk can caused from either internal or external events. Floods is external event which damage the...
1)quadratic programming is the right answer since model is the best one and requires more data inputs
2)Questions on Expected loss: Inputs are Credit spread is 480 bps, EAD is 735,000, RR is 0.4. EL is 35,200, but this is not part of the choice. I double checked, one of the option is...
I've started Ops. Risk post 60% coverage of Credit risk. Ops. risk is full of theory (it looks).. requires bit of patience. Approaching to complete the topics in Ops. risk while covering other sections. This would be the best way to have hang on theory topics. This is my strategy and was applied...
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