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New practice questions P1.T2.710. Mean and standard deviation (Miller, Ch.3) http://trtl.bz/2ircG5U P2.T5.709. Coherent risk measures (Dowd, Ch.3) http://trtl.bz/2gARJ8h YouTube What is the (Basic) Historical Simulation approach to value at risk (VaR, FRM T1-5)? http://trtl.bz/2gBOi0M What is...

New practice questions P1.T2.708. Probability function fundamentals (Miller Ch. 2) http://trtl.bz/2zbhaAU P1.T2.709. Joint probability matrices (Miller Ch.2) http://trtl.bz/2yLGilw P2.T5.707. Historical simulation and lognormal value at risk (VaR) (Dowd) http://trtl.bz/2gkaOLE P2.T5.708...

New practice questions P1.T3.731. Lookback and Asian (exotic) options (Hull Chapter 26 cont.) http://trtl.bz/2yAbxQt P1.T3.732. Exchange option, volatility swap, and static option replication (Hull Ch. 26 continued) http://trtl.bz/2y4TTkN P2.T8.711. Time- versus dollar-weighted returns...

New practice questions P1.T3.729. Gap, forward start and compound exotic options (Hull, Chapter 26)https://forum.bionicturtle.com/threads/p1-t3-729-gap-forward-start-and-compound-exotic-options-hull-chapter-26.10734/ P1.T3.730. Chooser and barrier (exotic) options (Chapter 26 cont.)...

New practice questions P1.T3.727. Option spread strategies (Hull Chapter 12) http://trtl.bz/2wQGhr0 P1.T3.728. Option combination strategies (Hull Chapter 12) http://trtl.bz/2wNK7pS P2.T7.706. Economic capital http://trtl.bz/2ynFajK P2.T7.707. Leverage, liquidity risk, and liquidity-adjusted...

Welcome back after the exams! If you sat for the FRM, congratulations on following through on one of the toughest exams in finance. If you don't feel like you passed, please let me remind you: that is a common feeling, given the exam's difficulty. @Nicole Seaman started two threads for feedback...

In the forum this week (selected only) Exam day tips https://forum.bionicturtle.com/threads/exam-day-tips.8143/ [Upcoming course] Correlation Risk Modeling and Management by Gunter Meissner...

In the forum this week (selected only) [P1.T3] More on cash-and-carry arbitrage http://trtl.bz/2p6SW9h [P1.T3] Callable convertible bond https://forum.bionicturtle.com/threads/callable-convertible-bond.10445/ [P1.T3] Impact of loan losses on equity cushion...

In the forum this week (selected only) I started posting a series of comments attached to the ongoing revision of our learning spreadsheets here at https://forum.bionicturtle.com/threads/frm-t1-foundation-learning-spreadsheets-commentary.10427/ [P1.T2] What do we really mean by, the regression...

In the forum this week (selected only) [GARP FRM Handbook 25.3] We seem to agree with @rajeshtr that this FRM handbook question is imprecisely phrased (e.g., there is difference between an operational risk and an operational risk loss event!)...

In the forum this week (just a selected subset) Practice exam scores https://forum.bionicturtle.com/threads/practice-exam-scores-and-actual-exam-result-pt-2.10307/ [P1.T1] @emilioalzamora1 shows how covariance properties are applied when the investor’s portfolio contains the same assets as the...

In the forum last week (selected only) Last week our incredibly capable Ivan migrated us to a higher-capacity fully-managed dedicated server (Intel Xeon E3-1270 v5 Quad-Core). Thank you @Nicole Seaman for managing the transition! We have hosted BT for several years at liquidweb. Before them, I...

In the forum this week (selected only) 5% VaR versus 95% VaR and why Dowd’s absolute VaR is the best formula https://forum.bionicturtle.com/threads/l2-t5-69-parametric-value-at-risk-var.3643/#post-49002 The opposite of a diversification benefit is a “compounding penalty”...

New practice questions P2.T9.705. The electronification of fixed income markets https://forum.bionicturtle.com/threads/p2-t9-705-the-electronification-of-fixed-income-markets.10322/ P2.T9.706. Negative policy rates https://forum.bionicturtle.com/threads/p2-t9-706-negative-policy-rates.10331/...

New practice questions P2.T9.701. Bitcoin risks and regulation https://forum.bionicturtle.com/threads/p2-t9-701-bitcoin-risks-and-regulation.10286/ P2.T9.702. Dudley on market and funding liquidity https://forum.bionicturtle.com/threads/p2-t9-702-dudley-on-market-and-funding-liquidity.10298/...

New practice questions P1.T3.704. Insurance company regulations and pension funds (Hull) https://forum.bionicturtle.com/threads/p1-t3-704-insurance-company-regulations-and-pension-funds-hull.10278/ P1.T3.705. Mutual funds (Hull)...

New practice questions P1.T3.702. Life insurance products and mortality tables (Hull) https://forum.bionicturtle.com/threads/p1-t3-702-life-insurance-products-and-mortality-tables-hull.10260/ P1.T3.703. Insurance company ratios (Hull)...

New practice questions P1.T3.700. Major risks faced by banks (Hull) https://forum.bionicturtle.com/threads/p1-t3-700-major-risks-faced-by-banks-hull.10233/ P1.T3.701. Basic bank functions and definitions (Hull)...

New practice questions P1.T2.706. Bivariate normal distribution (Hull) https://forum.bionicturtle.com/threads/p1-t2-706-bivariate-normal-distribution-hull.10190/ P1.T2.707. Gaussian Copula (Hull) https://forum.bionicturtle.com/threads/p1-t2-707-gaussian-copula-hull.10199/ P2.T8.703. Value, size...

New practice questions P1.T2.704. Forecasting volatility with GARCH (Hull) https://forum.bionicturtle.com/threads/p1-t2-704-forecasting-volatility-with-garch-hull.10166/ P1.T2.705. Correlation (Hull) https://forum.bionicturtle.com/threads/p1-t2-705-correlation-hull.10173/ P2.T8.701. Multifactor...