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    FRM results released!!

    Hi David I passed the exam with 4x1st Quartile, 4x2nd Quartile, and 1 3rd Quartile. Thanks very much for your guidance through these trough months. As you said, I was one of those who thought I would fail miserly (the morning one was horrible! I could say the questions were set more...
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    question on Basel II: Scope and capital definition

    To my understanding, in Canada, the banks do offer some debts with strange conveneta that they may defer to pay you interest and principal if that weakens the cap ratio and that may convert the debt into preferred shares. They are generally offered in a better return and lower credit rating. I...
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    Re: GARCH and EVT

    Hi David I am afraid I need some more guidance after reviewing the QA. GRACH: 1) The equation fpr volatility at time n depends on previous period volatility and mean. What if it is at time=0, how do we get the initial volatility value and mean value? Does it mean that somehow we have to...
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    Re: FRM preparation

    Hi David, I wish I'd come to your website before enrolling the exam. I picked the full version because it seemed it was less troublesome to sit in two levels in two dates. Having read the discussion in the forum, I can feel that the course has expanded its coverage significantly. The best I...
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