First of All, Good Luck with results on 1st week of Jan.
I felt part-2 exam neither easy nor complex, Managed to attempt all 80 questions. Few of qualitative questions were tricky and difficult to final answer.
I felt questions on VaR, Basel-3, Société Générale, LVar comparatively easy.
Btw, Which one did you choose for Estimated Operational loss to be reported (It was my 1st Question)
Q. A company has met with fire accident and all the building is damaged including the equipment. what amount would be correct to report as operational loss.
Not sure of the order of Answers provided. it goes like below
A) The cost of rebuilding the building & equipment ..etc
B) Book Value of the building & equipment minus estimated recovery from insurance
C) Book Value of the building & equipment
D) Book Value the building & equipment cost including insurance premium
I choose option C
I felt part-2 exam neither easy nor complex, Managed to attempt all 80 questions. Few of qualitative questions were tricky and difficult to final answer.
I felt questions on VaR, Basel-3, Société Générale, LVar comparatively easy.
Btw, Which one did you choose for Estimated Operational loss to be reported (It was my 1st Question)
Q. A company has met with fire accident and all the building is damaged including the equipment. what amount would be correct to report as operational loss.
Not sure of the order of Answers provided. it goes like below
A) The cost of rebuilding the building & equipment ..etc
B) Book Value of the building & equipment minus estimated recovery from insurance
C) Book Value of the building & equipment
D) Book Value the building & equipment cost including insurance premium
I choose option C
