2010 Financial Risk Manager (FRM)
World's best risk education. Period.
- Video tutorials
- Study notes
- Quality practice questions
- Actionable learning spreadsheets, and
- Forum Support
Your Instructor
David Harper, CFA, FRM, CIPM
- Track record helping candidates pass
- Deep experience in all risk disciplines
- Pioneer in web-based instruction
- Built all spreadsheets (detail oriented)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Performance Measurement (CIPM)
Video Tutorials
The best videos in the business!
We were an early pioneer in web instruction. Each year, we improve our unique brand of visual communication to bring you better, more efficient learning.
Practice Questions
Hand-crafted for boot camp
Anybody can copy you a dumpster of stale, lame questions.
But the quality of your practice determines your result. We pride ourselves on writing the best questions ... to get you in fighting shape for the exam.
Learning Spreadsheets
Because doing is learning
- Inventory of Learning Spreadsheets
- Almost all of exam’s difficult concepts
- Candidates often use in their work
- MS Excel or online EditGrid
We get the best results
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We earn the highest marks for customer satisfaction. But don’t take our word for it: Our forum contains 100% unsolicited, unfiltered feedback.
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Latest Blog
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Borrowing foreign currency [practice, products] 12 Mar 2010
29. One of the traders whose risk you monitor put on a carry trade where he borrows in yen and invests in some emerging market … read more
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Econometric model [quantitative] 12 Mar 2010
AIM: Describe the process of specifying, interpreting, and validity testing an econometric model. Specification of Econometric Model First, we specify a mathematical model (the two-variable or … read more
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Empirical analysis [quantitative] 12 Mar 2010
AIM: Distinguish between the different types of data used for empirical analysis. Three types of data for empirical analysis: Time series - returns over time for … read more
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OpRisk VaR L1 [practice, valuation] 11 Mar 2010
29. Your supervisor is an expert in market and credit risk. He recruits you to manage the operational risk department. He would like to use … read more
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Methodology of econometrics [quantitative] 11 Mar 2010
AIM: Describe the methodology of econometrics. Create a statement of theory or hypothesis Collect data: time-series, cross-sectional, or pooled (combination of time-series and cross-sectional) Specify the … read more
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Potential consequences of violating the GARP Code of Conduct [foundation] 11 Mar 2010
AIM: Describe the potential consequences of violating the GARP Code of Conduct. Violation(s) of this Code by may result in, among other things, the temporary suspension … read more
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PD implied yield [practice, credit] 10 Mar 2010
Please note the source referenced in the sample exam is incorrect so this may not really apply to L1 FRM but rather L2 FRM - David … read more
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Banker’s Trust [foundation] 10 Mar 2010
AIM: Describe the key factors that led to and the lessons learned from Banker’s Trust About To reducing their funding expenses, Proctor & Gamble (P&G) and … read more
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Responsibility of each GARP member [foundation] 10 Mar 2010
AIM: Describe the responsibility of each GARP member with respect to professional integrity, ethical conduct, conflicts of interest, confidentiality of information and adherence to generally accepted … read more
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Convexity L1 [practice, products] 09 Mar 2010
26. Bonds issued by the XYZ Corp. are currently callable at par value and trade close to par. The bonds mature in 8 years and … read more
Latest Training Video
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2010 5.d Market Risk (sample) 26 Feb 2010
Coherent risk measures (expected shortfall); Extreme value theory (EVT) - Dowd Chapters 3, 4, 5 & 7; MBS Chapters Fabozzi Chapters 1 & 31 read more
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2010 5.c Market Risk (sample) 26 Feb 2010
Backtesting VaR; VaR Mapping (Jorion - Chapters 6 & 11) read more
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2010 5.b Market Risk (sample) 26 Feb 2010
Measures of Price Sensitivity Based on Parallel Yield Shifts; Key Rate Exposures; Science of Term Structure; Mortgage-backed Securities (Bruce Tuckman Chapters 6,7,9 and 21) read more
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2010 5.a Market Risk (sample) 26 Feb 2010
Volatility Smiles (Hull Chapter 18); Exotic Options (Hull Chapter 24) read more
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2010 2.c Quantitative (sample) 26 Feb 2010
Fat‐Tailed & Skewed Distributions - Rachev (Chapter 2 & 3); Quantifying Volatility in VaR - Linda Allen (Chapter 2) read more
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2010 2.b Quantitative (sample) 26 Feb 2010
Jorion, Value at Risk (Chapter 12); Hull, Options, Futures, and Other Derivatives (Chapter 21) read more
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2010 2.a Quantitative (sample) 26 Feb 2010
Gujarati, Essentials of Econometrics – Chapter 1-8 (statistical inference and regression) read more
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2010 1.b Foundations (sample) 12 Feb 2010
Investors and Risk Management (Stulz, Chapter 2); Creating Value with Risk Management (Stulz, Chapter 3); Risk Management Failures: What are They and When Do They Happen? … read more
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2010 1.a Foundations (sample) 12 Feb 2010
Investors and Risk Management (Stulz, Chapter 2); Creating Value with Risk Management (Stulz, Chapter 3); Risk Management Failures: What are They and When Do They Happen? … read more
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2009 9.b Current Issues (UBS, Stress, Lo) - sample 04 Nov 2009
Shareholder Report on UBS’s Write‐Downs; Why Banks Failed the Stress Test; Andrew Lo's Testimony on Hedge Funds read more
Forum Q&A
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Part 2 free readings from GARP 11 Mar 2010
Can't follow the math in FRM Handbook!! Am I doomed? 11 Mar 2010
Business Risk VaR 11 Mar 2010
A question about linear regression 11 Mar 2010
VAR AS FORWARD LOOKING APPROACH 10 Mar 2010
Testimonials
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I got the study materials, movies, etc., instantly, on line. Really helpful; and made as simple as possible for me to understand. Arranged as per the AIMs of FRM, serving the … M.Pandiarajan, Mumbai, INDIA
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"Bionic Turtle provides excellent explanations about complex topics in finance and beyond, video podcasts like the Bionic Turtle tutorials are the future of education. Special thanks to David Harper who makes … Djamal
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Hey…I passed the FRM exam too. I committed myself only to Schweser, and sometimes Bionic Turtle..Love the site. Thanks! Gaurav_Samdaria
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Please see this page for more details.
- David , great stuff , thanks for helping me pass FRM Full exam Nov 2009 , your website is so compelling that even now I keenly … 08 Mar 2010
- You are a recent graduate working with a large financial consulting firm as part of their graduate program. You have spent the previous couple of weeks … 07 Mar 2010
- Great job! Thank you very much! 01 Mar 2010
- Hi david, In Gujarati Chapter 2 F(Y/X) = F(XY)/F(X) = Joint probability of X and Y / Marginal probability of X Example : 2.17 To calculate …12 Mar 2010
- Hi, I got about 25 pdf files from GARP website for Part 2. Most of the readings are too long and appear to have an overlap …12 Mar 2010
- Hi David, For question 58 as attached , there is no sample size n provided, i.e. we can’t see the degree of freedom provided. In that …11 Mar 2010