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Well, that's pretty good, and if you cleared part 1 in 2 attempts you must be also able to clear part 2. From my personal point of view, I found that for part 2 one needs to read the theory really well and remember a lot of small details for the qualitative questions (and still during the exam I...

Sorry to hear that....I guess if you do not understand most of the concepts the only solution is studying them deeply before attempting to solve problems. How did it go with part 1? When did you pass it and how many attempts did it take you?

I just cleared part II and I can say that having studied very hard for part I really paid off. Many of the concepts will reappear and be used in part 2 (like VaR, statistics, options, etc etc.), so having them fresh in the memory really helped. Therefore to those that are considering to go for...

For those who just cleared part 1 and plan to go to November for part 2, I agree that there is plenty of time. In my case I cleared part 1 in November and I started studying for part 2 around March. What I would strongly recommend is to go for part 2 as soon as possible because having part 1...

Passed as well!!!!! 21321 Thanks BT and forum members and good luck to those who will retry in November!

just in case, try logging out and back in again....

Keep your hope, I have been refreshing like crazy since the first person posted here his change of reminder and finally my reminder changed :D

I am almost 100% sure that 3 of the 4 answers contained "market risk", so no answer such as "funding and liquidity" if my memory serves me right. The answers were something like: - Market and basis risk - Market and funding risk - Funding risk and counterparty credit risk - Market risk and...

I went for funding risk and counterparty credit risk.

If I remember correctly, the question was about a merging of a company taking place in a few days. The price of the stock was expected to either increase by X% or decrease by Y%.

Indeed, I think it was written "due diligence on the asset manager", which is the other way around.

What were the options? I already forgot. One of the answers was something about different bank sizes, right? I know I did not chose this one. Does someone remember about the EL from a PIT model question? I went that it was not suitable for Stress test, but was very unsure.

I think it was adverse selection, but I chose the wrong one: one was about due diligence (I chose this one), the other about contributing with his own funds (I believe this was the right one).

I remember now seeing this option, but then I saw "high quality data" and this made me discard it.

@Elmin367: Maybe 15.3, I know there were two answers with the same number so I chose one of those. But maybe there were two with 15.8 and one with 15.3, I just remember that I chose one number that appeared two times.

I remember I got 0.06 for one of the last questions in my exam (CVA maybe?). Another option was 0.6, the other two I forgot. There was also a VaR question (99% I think), and I went for the answer saying that with large enough number of observations the failure rate should converge to 1% or...

For the CVaR, I think the number of defaults at 95% was given, so I used this to obtain the portfolio loss by multiplying this number by the LGD and exposure and then dividing by the total number of loans. Then I substracted the EL.

Yes, you are right, now I remember. I went for this one but I was not convinced at all, I think he was long/short other credit derivatives, right?

Hello, I found the quantitative questions on the easy side (less long calculations required than in some practice exams) but many of the qualitative were tricky. I think the time pressure for part 2 is less if you know the theory really well, otherwise you find yourself strongly hesitating...

Passed with 1232. Thank you so much BT!