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I wish 1LoD at the bank where I do 2LoD work thought about doing that. Sometimes I think they are just submitting anything and hoping 2LoD will find any problems.

I have the same question 1. On the GARP study Center, my studying has been reset and the Special Topics (for part 2) are the 2021 syllabus, not the 2020 syllabus. Has anyone had confirmation from GARP on what we should be studying for the May 2021 exam if we registered for a 2020 exam?

T8-R44-P2 pg9 first bullet point has a number of typos: When the economy is perceived as weak, investors become reticent to provide finding when credit risk is any amount of zero. It can be written as: When the economy is perceived as weak, investors become reluctant to provide funding when...

I agree with this for T8-R44-P2 page 4 and 5's example. It should be $35 million as the cost of liquidation as is done by @akash3009 . I checked using the math from Hull's example 24.1 as well: Suppose that a financial institution has bought 10 million shares of one company and 50 million...

T7-R29-P2 pg16. In the figure, X is allocated Marginal EC of $40 but it is $30 in the text. The text is correct here, if we have Y already we need $30 more EC if we want to include business X too. The same is true for Y, it should be $40 in the figure. T7-R36-P2 pg12, Credit conversion Factors...

T6-R13-P2 pg 8. MTM section, paragraph 2, sentence 2: MTM may be negative or positive. "be" is missing. T6-R13-P2 pg 21. Top of the page, Without Netting example. This uses values of 10.0 during the explanation which should actually be 11.0 T6-R13-P2 pg 30. Q4 and Q5 assess AIMs for Gregory...

Thanks, @Nicole Seaman and @David Harper CFA FRM, I'm clearly doing a poor job of using the search function. My apologies. Thanks for the link to the post Dave

T6-R12-P2 page 11. The last example is using "year" in the last 2 lines on the page instead of \lambda (i.e. 3). Looks like a typo in the Excel used for the example. T6-R12-P2 pg 14. The second heading of the table for the example should be "Cumulative Default Prob" not "Cumulative Default...

I still don't see notes for De Laurentis chapter 3. Is this still work in progress?

Hello, Does anyone have the derivation for the Unexpected Loss formula? It's formula 5.5 from Schroeck but the derivation is only available in Ong, Michael, Internal Credit Risk Models (Risk Books, 1999).