Do the exams really test the "universal" risk concepts or really ask for specific author's version of risk concepts? For example, should we just understand the general risk category instead of remembering how Jorion defining legal risk as financial risk as most likely a financial risk (instead of reputational, strategic and technology)?
Real Exam Questions asking for "universal" risk concepts?
- Thread starter vkichoi
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hi,
The exam will test only the assigned readings definitions of the defined risk concepts for e.g. if the assigned reading/Aim is from Jorion therefore risk concepts that will be asked in the exam will be similar to that defined in the reading anf not otherwise defined in general according to me. The definitions shall be similar to what is defined in the asigned readings and not the other way around so please restrict yourself to the definitions of the Assigned Aims only.
thanks
The exam will test only the assigned readings definitions of the defined risk concepts for e.g. if the assigned reading/Aim is from Jorion therefore risk concepts that will be asked in the exam will be similar to that defined in the reading anf not otherwise defined in general according to me. The definitions shall be similar to what is defined in the asigned readings and not the other way around so please restrict yourself to the definitions of the Assigned Aims only.
thanks
I agree with ShaktiRathore that, due to elasticity of risk typology, the best route is to hew to the assigned authors. However, in 2013 GARP swapped out Jorion Chapter 1 for the IFC paper, and the IFC paper is clearly inferior with respect to the typology (in fact, does not define one objectively; but others have noted some internal inconsistencies)
I would suggest reading my focus review note here at http://forum.bionicturtle.com/threads/p1-focus-review-1st-of-8-foundations.6072/
... with reference to the follow (Jorion) typology. I think it's good to know this, if only b/c strategy and reputation are NOT financial risks, wheareas Legal (a sub of opRisk) is a financial risk. True, it is not currently assigned, but Jorion's is a reliable inter-year reference. Thanks,
I would suggest reading my focus review note here at http://forum.bionicturtle.com/threads/p1-focus-review-1st-of-8-foundations.6072/
... with reference to the follow (Jorion) typology. I think it's good to know this, if only b/c strategy and reputation are NOT financial risks, wheareas Legal (a sub of opRisk) is a financial risk. True, it is not currently assigned, but Jorion's is a reliable inter-year reference. Thanks,
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