Bionic Turtle’s Week in Risk (ending December 9th)

Welcome to our Week in Risk! The 2019 FRM curriculum was released by GARP last week, and there are some very informative threads in our forum to help you get started with your studies! David posted two new videos to our YouTube channel last week. These videos discuss delta-gamma VaR and binary options. We’ve also added some informative risk articles from around the globe. We hope you have a great week!

YouTube

In the Forum

  • [2019 FRM exam] Thank you Nicole Seaman for starting threads that make public the status of our published materials. Consider bookmarking these links! Here is Part 1 https://trtl.bz/2FUORia and here is Part 2 https://trtl.bz/2FUOR1E. But your FIRST STEP should be to read her explanation of our publishing process; PLEASE READ this before asking questions. Here is the explanation:  https://trtl.bz/2FUOSCK
  • [Nov 2018 FRM exam] In case you missed them, here are the lengthy feedback threads on the most recent exam: Part 1 is here https://trtl.bz/2KfIlRM and Part 2 is here https://trtl.bz/2DMDhnx
  • [P1.T2] Why can we use the F-distribution to test a seasonal time-series model? https://trtl.bz/2GaaX0i
  • [P1.T2] A basic relationship (and component of Bayes Theorem) is that the joint probability equals the product of the unconditional and conditional probability https://trtl.bz/2FUNU9A

A basic relationship (and component of Bayes Theorem) is that the joint probability equals the product of the unconditional and conditional probability

Risk

  • Executive Perspectives on Top Risks 2019 https://www.protiviti.com/US-en/insights/protiviti-top-risks-survey One of the better top risks surveys. “One risk jumped from the tenth position to the number one spot for 2019: concerns that existing operations and legacy IT infrastructure may not be able to meet performance expectations as well as competitors that are born digital.

Executive Perspectives on Top Risks 2019

Basel III finalization announcement

Cyber

The State of Cyber Insurance Pricing

Quantitative (including Data)

ML & Investing Part 1: From Linear Regression to Ensembles of Decision Stumps

Climate (including ESG)

The Bond That Could Be Wiped Out by California’s Wildfires

Investing

Can the Euro Rival the Dollar?

Careers

  • The new CFO mandate: Prioritize, transform, repeat (McKinsey) https://trtl.bz/2rlR6kF “The most commonly cited activity that reports to the CFO this year is risk management, as it was in 2016. In addition, more than half of respondents say their companies’ CFOs oversee internal-audit processes and corporate strategy.”

the new CFO mandate: Prioritize, transform, repeat

Hedge Fund Dream Job Is Vanishing

Other

24 Cognitive Biases That Are Warping Your Perception of Reality

  • Bernie Madoff’s Legacy: Whistleblower Inc. (WSJ) https://trtl.bz/2rvyZbL “Today, an entire industry is devoted to surfacing tips from company insiders and expert analysts who scrutinize corporate filings. Whistleblower Inc. is the most tangible consequence of the Madoff scandal a decade after the money manager’s Dec. 11, 2008 arrest.

 

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