ARRIBA

Bionic Turtle’s Week in Risk – March 21st

FRM Forum Discussions Forward rates on the exam Forward rates on the exam, mastery of compound frequency makes many other things much easier https://www.bionicturtle.com/forum/threads/forward-rates.9404 Basis: This seems to confuse every year. Hull’s point is that, because a hedge tends to make an assumption about the future basis (e.g., basis will converge to zero), it is... Read More

Bionic Turtle’s Week in Risk – March 14th

FRM Forum Discussions GARP 2016 Practice Exam Errors Several errors were identified in the originally published GARP 2016 Part 2 Practice Exam, see https://www.bionicturtle.com/forum/threads/2016-frm-part-ii-practice-exam-q-a.9350/. These have been corrected by GARP. I think errors are very instructive, regardless. For example, the practice exam includes the estimation of ES via VaR quantiles. Do you need to know calculus... Read More