Exam Feedback FRM Part 2 (November 2014) Exam Feedback

[Prince31]

Ok got it. Thanks. Checked it with the official BASEL III document as well. The answer should be 123%.

I think your mistake is : Level 2 / (level 1 + Level 2 ) must be less than 40% , ans not Level 2 / level 1.
In this question , no ajustments were nececessarry in the numerator nor in the denominator

 

[krenate]

Agree....should be firmwide.

I am not that confident, but VaR does not measure firmwide risk..which is why I have selected credit risk, due to the thicker tails in the distribution in comparison with peer group...

 

[krenate]

anyway.. I think that I need to retake exam, so many stupid mistakes...and these kind of Qs, with this set of wording... which totally were misleading sometime.....

 

[Abhishek...]

Has anybody any idea about the changes in the FRM part II syllabus for 2015, I ve tried GARP site but its not updated there, also if someone knows when they will be updated.

 

[monumonumental]

how many of you are certain of passing?

 

[JacquesBBB]

how many of you are certain of passing?

I guess around 50 / 80 ( 35 sure + 0,5 *25 + 0,25 * 20) with the following quantile 3 - 2- 1- 3 - 3... No Idee if it is a passing score. The part Op Risk let me some hope for the final result.

 

[monumonumental]

I am not at all sure of passing..

 

[Hardik84]

Has anybody any idea about the changes in the FRM part II syllabus for 2015, I ve tried GARP site but its not updated there, also if someone knows when they will be updated.

I heard that it should come by Dec first week, I am too waiting for it, let's hope we get it ASAP

 

[LittleTurtle]

Garp say that we will have the result no longer than january 2nd.
According to previous year, does anyone know if we will have it sooner ? if yes how much sooner ?

Thanks.

 

[Ank]

I am not that confident, but VaR does not measure firmwide risk..which is why I have selected credit risk, due to the thicker tails in the distribution in comparison with peer group...

Exactly why I choose credit risk as option was asymmetric with fat tail but credit risk don't have that much of fat tail its operation risk which has fat tail and asymmetric

 

[Ank]

Garp say that we will have the result no longer than january 2nd.
According to previous year, does anyone know if we will it sooner ? if yes how much sooner ?

Thanks.

I don't know if its going to be before GARP sent me an email like "Your official exam result will be emailed to you on January 2, 2015.", thanks for the nice 31st night though

 

[Ank]

I guess around 50 / 80 ( 35 sure + 0,5 *25 + 0,25 * 20) with the following quantile 3 - 2- 1- 3 - 3... No Idee if it is a passing score. The part Op Risk let me some hope for the final result.

I pass Part 1 with 3,3,1,3 and GARP shattered my understanding of quartile scoring

 

[monumonumental]

How many of you are sure to pass?

 

[Ank]

How many of you are sure to pass?

I think ppl are reluctant to give ans to this Q. Nobody is ever sure they pass these types of exam, its not a university paper

 

[frmexam]

I cannot tell, mine depends on the questions that they take out(sampling questions). I messed up quite a few where i did not stick with my first instinct and changed answers in the last 10 min, which i know i lost 5 points. I was good at eliminating to two choices but I chose lot of wrong options at the end. Hoping a little luck comes my way. Part I i felt even worse but came back with 2212 quartiles. This time may not be enough as the competition is higher.

 

[LittleTurtle]

I cannot tell, mine depends on the questions that they take out(sampling questions). I messed up quite a few where i did not stick with my first instinct and changed answers in the last 10 min, which i know i lost 5 points. I was good at eliminating to two choices but I chose lot of wrong options at the end. Hoping a little luck comes my way. Part I i felt even worse but came back with 2212 quartiles. This time may not be enough as the competition is higher.

The same. Was less confident about part I and I finish 2-2-1-2.
But I'm a "quant guy" and absolutely no math on part II

 

[Roshan Ramdas]

Exactly why I choose credit risk as option was asymmetric with fat tail but credit risk don't have that much of fat tail its operation risk which has fat tail and asymmetric

I don't remember the exact question write up at this point in time.
Just 1 observation -
Credit risk distributions are definitely asymmetric and fat tailed and these features are alot more pronounced when we look at an operational risk distribution.
To that effect, if the question was phrased as "credit risk distribution exhibit fatter tails viz a viz an operational risk distribution",....then yes,...this is an anomaly and the choice of credit risk distribution would be correct. Else, it is wrong.

 

[Roshan Ramdas]

how many of you are certain of passing?

Not certain of passing,....leaving aside the bunch of questions that have not been discussed, .....it looks like I have goofed up on a number of questions which were discussed at this forum.
After having put in months of preparation, it hurts to have a discussion at the level of passing or failing.

 

[JacquesBBB]

Do you remember a question concerning the best practice in scoring devpt ?
I think I selected answer like the scorecard need to be tested in an different economic context than the data used for the devpt of the scorecard before the implementation...

 

[monumonumental]

Not certain of passing,....leaving aside the bunch of questions that have not been discussed, .....it looks like I have goofed up on a number of questions which were discussed at this forum.
After having put in months of preparation, it hurts to have a discussion at the level of passing or failing.

leaving aside few questions..we agree on most questions so either both of us are passing or both of us are failing..