New Practice Questions
- P1.T4.811. Two-step binomial models (Hull Ch.13) https://trtl.bz/2KFXXjS
- P2.T7.804. Extreme value theory (EVT) approaches (Dowd Ch. 7) https://trtl.bz/2KKmWPY
- Comparing volatility approaches: MA versus EWMA versus GARCH (FRM T2-25) https://trtl.bz/2Kza4QL
- Commodity (eg, gold) lease rate (FRM T3-17) https://trtl.bz/2IS3VJP
- Contango features (FRM T3-18) https://trtl.bz/2NE5WN2
- [general] How does FRM compare to other financial exams? https://trtl.bz/2KCwDEf
- [P1.T2] Lognormal confidence interval (or lower bound) https://trtl.bz/2KxYEMZ
- [P1.T2] Common question: what is the difference between the two variance formulas? https://forum.bionicturtle.com/threads/sample-variance.13996/
- [P1.T3] When do we assume bond FV equals 100 versus 1,000, and does it matter for the conversion factor (CF)? https://trtl.bz/2KOkXKD
- [P1.T4] Lognormal VaR is always less than normal VaR, but we can explicitly quantify the difference https://trtl.bz/2KEKXI1
- [P1.T4] When is VaR ambiguous? https://trtl.bz/2KpWVtc
- [P1.T5] How does Jorion stress test via VaR mapping? https://trtl.bz/2KOQa3z
- Morgan Stanley, Goldman Got Help From Fed on Stress Tests (Banks had option to freeze their payouts at recent levels, get a conditional non-objection grade and avoid failing) https://www.wsj.com/articles/wall-street-gets-the-friendlier-fed-its-been-waiting-for-1530558419
- Fed Faces Decisions on Shrinking Its Huge Bond Portfolio https://www.wsj.com/articles/fed-faces-decisions-on-shrinking-its-huge-bond-portfolio-1530466910
- New capital rules spark trader retreat from listed derivatives (ft.com) https://trtl.bz/2KXUZHQ
- Danske Bank's Money Laundering Tops $8 Billion, Browder Says https://trtl.bz/2L898yS
- How Banks Distort Markets to Hide Risk (European banks shift more than $100 billion off their balance sheets to make themselves appear less leveraged) https://blogs.wsj.com/moneybeat/2018/07/03/how-banks-distort-markets-to-hide-risk/
- [BIS] Financial stability implications of a prolonged period of low interest rates https://www.bis.org/publ/cgfs61.htm
- [BIS] Global systemically important banks: revised assessment methodology and the higher loss absorbency requirement https://www.bis.org/bcbs/publ/d445.htm
- Welcome to the highly probable world of improbability https://www.wired.com/story/welcome-to-the-highly-probable-world-of-improbability/ "In the real world, probabilities tend to be Bayesian rather than frequentist — which is to say, their improbability is not something that can be measured empirically, but is rather a function of the available evidence and the direction that evidence points."
- The new Fama puzzle https://voxeu.org/article/new-fama-puzzle "Uncovered interest parity (UIP) - the proposition that anticipated exchange rate changes should offset interest rate differentials - is one of the most central concepts in international finance, defining whether financial capital is freely mobile and substitutable across borders"
- 3 Ways to avoid the check-the-box trap in risk review https://www.erminsightsbycarol.com/risk-review-avoid-trap/
- The role of internal audit in risk management (Noman Marks) https://trtl.bz/2JboMrL
- If You Say Something Is “Likely,” How Likely Do People Think It Is? https://hbr.org/2018/07/if-you-say-something-is-likely-how-likely-do-people-think-it-is
- Worries about the yield curve http://econbrowser.com/archives/2018/07/worries-about-the-yield-curve
- Unfunded Promises http://www.mauldineconomics.com/frontlinethoughts/unfunded-promises
- The Economy Is Fine. Trade War Rhetoric Is The Main Risk http://fat-pitch.blogspot.com/2018/07/july-macro-update-economy-is-fine-trade.html
- Who Killed the GE Model? https://hbr.org/2018/07/who-killed-the-ge-model
- Spotify Case Study: Structuring and Executing a Direct Listing https://corpgov.law.harvard.edu/201...y-structuring-and-executing-a-direct-listing/
- More Extreme Weather Means More Risk for Fishers https://psmag.com/environment/more-bad-weather-more-problems
- Rising seas: Florida is about to be wiped off the map https://trtl.bz/2L1YtZV
- Red-hot planet: All-time heat records have been set all over the world during the past week https://trtl.bz/2L5RpZ9
- FSB publicly consults on Cyber Lexicon http://www.fsb.org/2018/07/fsb-publicly-consults-on-cyber-lexicon/
- Here’s Some Cryptocurrency. Now Please Use It. https://www.nytimes.com/2018/07/01/technology/cryptocurrency-ripple.html
- New information about cyber risk is alarming https://trtl.bz/2J9KwUP I admit that I wasn't even aware of https://enterpriseriskmag.com/
- Stock Buybacks Are Booming, but Share Prices Aren’t Budging https://trtl.bz/2JbMBzu
- A Hedge Fund Star Dims, and Investors Flee (After more than a decade of winning and unconventional behavior, David Einhorn’s Greenlight Capital has shrunk by half. Frustrated clients are bolting) https://trtl.bz/2L6vyRd
- Inline XBRL https://blogs.cfainstitute.org/marketintegrity/2018/07/03/inline-xbrl/
- The Knowing-Doing Gap in Behavioral Finance https://blogs.cfainstitute.org/investor/2018/07/03/the-knowing-doing-gap-in-behavioral-finance/
- Environment and Social Risk: A Material Impact http://www.brinknews.com/environment-and-social-risk-a-material-impact/
- Measuring Financial Literacy Outreach Efforts and Why It Matters https://trtl.bz/2L27QbU
- Explaining the Beta Anomaly https://alphaarchitect.com/2018/06/28/explaining-the-beta-anomaly/
- The New Glide Path https://blog.thinknewfound.com/2018/07/the-new-glide-path/
- Q&A with Michael Batnick author of Big Mistakes: The Best Investors and Their Worst Investments https://trtl.bz/2JbS4WZ This sounds like my kind of book.
- [GARP] Corporate Governance Group Puts Spotlight on ESG Ratings https://trtl.bz/2JaWVrs
- [GARP] Risk Executives’ New Challenge: An Abundance of Technology https://trtl.bz/2KCV44a
- [PRMIA] PRMIA and RIM Announce Merger https://www.prmia.org/Public/News/2018_News/PRMIA_and_RIM_Announce_Merger.aspx
- Fiscal Sustainability: A Primer https://www.moneyandbanking.com/commentary/2018/6/12/fiscal-sustainability-a-primer
- Financial Modeler Certification https://fminstitute.com/
- LifeLock Review – Why You May Need It More Than Ever https://wallethacks.com/lifelock-review/ (I'm not endorsing LifeLock. FWIW, I subscribe to Identity Guard but I have not compared the two services)
- Impact of SEC Guidance on Shareholder Proposals in the 2018 Proxy Season (Harvard Law School Forum) https://trtl.bz/2JbClqP
- Devaluation Risk Makes China’s Balance of Payments Interesting (Again) https://www.cfr.org/blog/devaluation-risk-makes-chinas-balance-payments-interesting-again
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