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Bionic Turtle’s Week in Risk — Ending October 9th

Welcome to our Week in Risk, where David has provided some great FRM discussions from our forum, and other general risk articles! Forum discussions (selected only) ISDA OTC Derivatives Compliance Calendar updated by member, seidu https://www.bionicturtle.com/forum/threads/isda-otc-derivatives-compliance-calendar-updated.9895/ Can you elaborate on ARAROC? https://www.bionicturtle.com/forum/threads/p2-t7-300-economic-capital-topic-review.6830/#post-45348 adjusted RAROC is essentially an economic value added (EVA) concept because it wants... Read More

Bionic Turtle’s Week in Risk — Ending October 2nd

Selected Questions and Answers (Q&A) in the forum Are idiosyncratic and business risk the same thing? https://www.bionicturtle.com/forum/threads/are-idiosyncratic-and-business-risk-the-same.9880/ Interpolation in Linda Allen’s hybrid (between HS and EWMA) value at risk (VaR) https://www.bionicturtle.com/forum/threads/calculating-revised-var-hybrid-approach.9857/  I updated the XLS, this will appear in the 2017 revision of the notes https://www.dropbox.com/s/vbzeecpoplyvkxk/0915-allen-hybrid.xlsx?dl=0 How exactly is the Taylor Series applied to both... Read More

Bionic Turtle’s Week in Risk — Ending September 25th

Low Interest Rates The Fed’s press release http://www.federalreserve.gov/newsevents/press/monetary/20160921a.htm “Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further... Read More

Bionic Turtle’s Week in Risk — Ending September 18th

GARP 18th Risk Management Convention (Theme is “Connectivity and Stability”) will happen on March 7th and 8th in New York https://www.garp.org/#!/risk-convention How someone with quantitative background can pass FRM part one in a month (A rich man's guide) https://www.linkedin.com/pulse/how-someone-quantitative-background-can-pass-frm-part-sarfo “On the sixth day use Bionic Turtle’s basic package to review the topics you studied for... Read More

Bionic Turtle’s Week in Risk — Ending September 11th

Reputation (Wells Fargo) Next Test for Wells Fargo: Its Reputation (The bank’s image is at risk following a $185 million fine for ‘widespread illegal’ sales practices) http://www.wsj.com/articles/next-test-for-wells-fargo-its-reputation-1473462195 “The San Francisco bank, with its folksy stagecoach logo, has positioned itself as a solid, Main Street lender that avoided the excesses of the financial crisis and other missteps... Read More

Bionic Turtle’s Week in Risk — Ending September 4th

International Apple Ordered by EU to Repay $14.5 Billion in Irish Tax Breaks http://www.wsj.com/articles/apple-received-14-5-billion-in-illegal-tax-benefits-from-ireland-1472551598 Explainer by Financial Times https://www.ft.com/content/3e0172a0-6e1b-11e6-9ac1-1055824ca907 World’s Riskiest & Most Dangerous Countries for Business https://www.pinkerton.com/blog/dangerous-risky-countries/ "The PRW [Pinkerton Risk Wheel] is divided into four distinct quadrants that summarize the different types of risks faced by businesses around the world. Those four primary... Read More

Bionic Turtle’s Week in Risk — Ending August 28th

Our members in the forum were very busy this past week discussing some great FRM concepts! We are also continuing our Daily Practice Questions each week, and David has chosen some really great risk articles for you! FRM Forum Q&A (selected) We are almost done with a fresh set of T1 (Foundations) global topic review. Last... Read More

Bionic Turtle’s Week in Risk — Ending August 21st

Each week, in addition to providing excellent support in the forum, David continues to browse through various risk publications to find the most interesting and current articles for our subscribers! Banks Banks look for cheap way to store cash piles as rates go negative https://www.ft.com/content/e979d096-5fe3-11e6-b38c-7b39cbb1138a “private-sector banks are paying what amounts to an annual levy of 0.4 per cent... Read More

Bionic Turtle’s Week in Risk — Ending August 14th

David and I had a really great vacation, and now we are right back into the swing of things and gearing up for the November FRM exam. David has compiled some really great risk articles in this blog. We hope you enjoy! :) In our FRM Forum (forum activity continues to grow, this is a... Read More

Bionic Turtle’s Week in Risk — Ending July 24th

Low Interest Rates The Search for the Elusive Natural Interest Rate (The concept guides central bankers like Janet Yellen, but the rate can’t be directly observed) http://www.bloomberg.com/news/articles/2016-07-22/the-search-for-the-elusive-natural-interest-rate “The Fed aims to set short-term interest rates in relation to the natural rate--the one that would produce full employment without excess inflation." Death of the risk-free rate http://trtl.bz/death-riskfree-rate... Read More

Bionic Turtle’s Week in Risk — Ending July 17th

Low Interest Rates Ben Carlson tweeted this funny-accurate observation: "2009-2015: Interest rates are going higher for sure. 2016: Interest rates are staying low forever." Apparently, after years of anticipating an inevitable jump to higher long-term rates, the new "smart" consensus is a resignation that we have entered a prolonged regime of low interest rates. Black... Read More

Bionic Turtle’s Week in Risk — Ending July 3rd

David has put together a fantastic Week in Risk blog for you this week! He introduces our newest Resources section in the forum, discusses the tremendous amount of feedback that we have received regarding the May FRM exam and mentions some informative articles about Brexit, just to name a few interesting topics! :) FRM Exam Feedback from... Read More