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    Exam Feedback May 2021 Part 2 Exam Feedback

    The SOFR is this the one about disadvantage relative to LIBOR? I believe the answer for that was SOFR does not incorporate bank credit risk
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    Exam Feedback May 2021 Part 2 Exam Feedback

    I think the LTP question was something about the CFO reviewing the LTP and best risk management practices - I think one of the choices was to undervalue stable sources of funding and liquid assets, I chose that.
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    Exam Feedback May 2021 Part 2 Exam Feedback

    exactly! but the way I interpreted option A was that the CRO would challenge the model guys to document model assumptions and manage inventory rather than the CRO asking them to challenge their own model which I agree is not the right thing to do.
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    Exam Feedback May 2021 Part 2 Exam Feedback

    Is this the model risk question? I reviewed all the options and I thought option A made the most sense. I think A was something along the lines of the CRO should challenge the model developers to document the model and manage its inventory. I mean these are 2 challenges with model risk...
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    CFA Anyone here take level 1 on December 7th?

    congrats! that's 3 out 3 for you. Unfortunately I did not pass, the CFA has a much broader curriculum compared to the FRM and I need more time to master and digest it. It didn't help that I took the CAIA in September followed by the FRM in November and CFA in December, that was probably too...
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    CFA Anyone here take level 1 on December 7th?

    congrats on passing both levels of FRM, that's very impressive. I passed the Lv 1 as well, hopefully we get pass results for CFA too.
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    CFA Anyone here take level 1 on December 7th?

    I did. I'm in NYC, the AM part was definitely much easier than FRM Lv 1(Nov 2019) but the PM was just as difficult as the FRM lv1 if not more difficult. in terms of similar subjects tested, I thought the CFA's quant section was more difficult than FRM but for derivatives and Fixed income, FRM...
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    Exam Feedback November 2019 Part 1 Exam Feedback

    From what I've read, it comes down to the top 5% of scores, that'll probably determine what the minimum passing score will be. All we can do is speculate, no one can say with certainty. But the consensus view here and on other forum that I've visited is that the exam we had was lengthy and...
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    Exam Feedback November 2019 Part 1 Exam Feedback

    yea, glad i'm not the only one. I had a decent amount of D's especially in the first 50 questions. I think I had the Red booklet as well, can't fully recall though.
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    Exam Feedback November 2019 Part 1 Exam Feedback

    I agree with your assessment. The main issue for me was also time, There were way too many questions that require multiple steps calculation to derive the answer especially those Swaps. I had to guess on several questions that I could have solved if I had more time. Also felt the first 50 to 60...
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    Exam Feedback November 2019 Part 1 Exam Feedback

    I was able to recall about 65 questions and concepts from the exam. I also referenced the May 2019 feedback forum to see similar questions that appeared on both exams. Kidder Peabody/barings similarities CCP liquidity risk Code of conduct question GARCH Long run Variance find Sortino Ratio...
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