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135
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Today's Daily Questions

David writes totally fresh, totally original practice questions every week: a fresh set of three questions on Mon and Wed = 6 new practice questions per week. A few hungry customers like to follow along, so we post them here.

Paid members please note: you do not need to collect practice questions one at a time! After a chapter (or section of related chapters) is finished, Nicole collects them into a single PDF file and uploads to the Study Planner. Most paid members will want to go straight to the study planner (unless you want to discuss/etc in the forum). Thank you!
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883
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1,975
Threads
883
Messages
1,975

David's Notebook

Here is where I post the Week in Risk (subsequently blogged and emailed to opt-in members). Also, I may share high-priority tips or alerts (e.g., discovered error in textbook).
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180
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721
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180
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721

FAQ's

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112
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1,142
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112
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1,142

Partner Products

Our affiliate partner products are available as additional resources to help advance your education in various areas of risk.
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9
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17
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9
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17

YouTube Videos
Bionic Turtle YouTube videos covering the concepts in the FRM exam

Financial Calculator Tutorials

Video tutorials on using your financial calculator
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4
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18
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4
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18

P1.T1 Foundations of Risk

BT YouTube videos covering the concepts in Foundations of Risk Management
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12
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27
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12
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27

P1.T2 Quantitative Analysis

BT YouTube videos covering the concepts in Quantitative Analysis
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31
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42
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31
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42

P1.T3 Financial Markets & Products

BT YouTube videos covering the concepts in Financial Markets & Products
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44
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67
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44
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67

P1.T3 FM&P: Exotic options

BT YouTube videos covering Exotic Options in Financial Markets & Products
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5
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6
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5
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6

P1.T4. Valuation & Risk Models

BT YouTube videos covering the concepts in Valuation & Risk Models
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44
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91
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44
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91

P2.T5. Market Risk Measurement & Management

BT YouTube videos covering the concepts in Market Risk Measurement & Management
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9
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18
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9
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18

R Programming (Data Science)

BT YouTube Videos Introducing R Programming
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12
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13
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12
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13

Chartered Financial Analyst® (CFA)

David Harper discusses the concepts covered on the CFA exam.
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11
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11
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11
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11

Investment

Million Dollar Portfolio
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6
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9
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6
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9

Financial Risk Manager (FRM). Free resource
These forums are available and free to the PUBLIC. Please note the generally follow the organization of GARP's syllabus. "P2.T6" = Part 2, Topic 6 and "(25%)" = 25% weight in the Part 2 exam.

About FRM

About the FRM or bionicturtle.com FRM prep service
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1,098
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17,681
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1,098
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17,681

Part 1 FRM Study Groups

Create a new study group or look for existing study groups for Part 1 of the FRM exam
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62
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1,337
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62
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1,337

Part 2 FRM Study Groups

Create a new study group or look for existing study groups for Part 2 of the FRM exam
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18
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692
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18
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692

Risk (general)

General risk topics that don't fit neatly into the nine FRM topics
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75
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254
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75
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254

P1.T2. Quantitative Methods (20%)

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771
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3,085
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771
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3,085

P1.T3. Financial Markets & Products (30%)

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666
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3,010
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666
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3,010

Fixed Income (P1.T4 or P2.T5)

Tuckman L1 (Chapters 1,2,3 & 5) and L2 (Chapter 6, 7, 9, 21). Fabozzi's Handbook of MBS Chapters 1 & 31.
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97
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407
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97
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407

P2.T5. Market Risk (25%)

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723
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3,201
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723
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3,201

P2.T6. Credit Risk (25%)

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625
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2,578
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625
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2,578

P2.T7. Basel II & Regulatory

Classified under Operational Risk & Integrated Risk but a big topic
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93
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388
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93
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388

P2.T7. Operational Risk & ERM (25%)

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268
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925
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268
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925

P2.T8. Liquidity and Treasury Risk (15%)

This new topic was added to the FRM curriculum in 2020
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11
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28
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11
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28

P2.T9. Investment Management (15%)

This was previously Topic 8 prior to 2020. This is the reason that some of the threads within this forum will be labeled T8 instead of T9.
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221
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870
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221
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870

P2.T10. Current Issues (10%)

This was previously Topic 9 prior to 2020. This is why some of the threads in this forum will be labeled T9 instead of T10.
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48
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197
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48
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197

FRM Practice Questions (PQs; for PAID customers)
These forums (below) are for PAID BT CUSTOMERS ONLY. Each fresh, original practice question is posted here first and becomes a future reference for (i) follow-up questions, (ii) related comments, or (iii) proposed corrections if you have a disagreement or perceive a potential error or typo

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68
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461

GARP Part 2 (P2) Practice Exam Questions

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114
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676
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114
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676

P1.T1. Foundations of Risk

Practice questions for Foundations: Intro, CAPM, APT, Stulz, and Case Studies
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136
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1,254
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136
Messages
1,254

P1.T2. Quantitative Analysis

Practice questions for Quantitative Analysis: Econometrics, MCS, Volatility, Probability Distributions and VaR (Intro)
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334
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3,474
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334
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3,474

P1.T3. Financial Market & Products

Practice questions for financial markets & products: Hull (options, futures & derivatives), commodities, FX, and corporate bonds
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152
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3,208
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152
Messages
3,208

P1.T4. Valuation & Risk Models

Practice questions for valuation and risk models: value at risk (VaR), binomial, BSM, Greeks, Tuckman's bonds, bond sensitivities, stress testing, credit ratings, expected/unexpected loss, OpRisk intro
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137
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2,725
Threads
137
Messages
2,725

P2.T5. Market Risk

Practice questions for Market Risk Measurement & Management
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321
Messages
2,877
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321
Messages
2,877

P2.T6. Credit Risk

Practice questions for credit risk
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281
Messages
2,280
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281
Messages
2,280

P2.T7. Operational Risk

Practice questions for operational risk and Basel II (Basel III)
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236
Messages
1,195
Threads
236
Messages
1,195

P2.T8. Liquidity and Treasury Risk

Practice questions for liquidity and treasury risk. Note: This is a new topic that was added to the curriculum in 2020.
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18
Messages
102
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18
Messages
102

P2.T9. Investment Management

Practice questions for investment management and risk management. Note: This was previously Topic 8 prior to 2020. This is the reason that many of the threads within this forum will be listed under T8 instead of T9.
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159
Messages
916
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159
Messages
916

P2.T10. Current Issues

Practice questions for current issues. Note: This was previously Topic 9 prior to 2020. This is why many of the threads in this forum will be labeled T9 instead of T10.
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72
Messages
130
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72
Messages
130

BT Part 1

Part 1 practice questions
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25
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156
Threads
25
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156

BT Part 2

Part 2 practice questions
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21
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182
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21
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182

Miscellaneous Practice Questions

Prior Exam or Not Classified
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79
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190
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79
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190
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51
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188
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3
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3
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127
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FRM Archive
Older forums are located (eventually transferred) to the location below. These forums are often LESS RELEVANT to current FRM candidates. However, due to the relative continuity of the FRM's underlying structure--despite its continuous churn--they continue to offer some relevance.

[P1 & P2]Text: Options, Futures & Derivatives, 7th

Assigned in 2010: Estimating volatility & correlation (Ch 21); Chapters 1 - 7, 9 and 10; Binomial (Ch 11), BSM (Ch 13), Greeks (Ch 17), Credit risk (Ch 22), Credit derivatives (Ch 23), Volatility smile (Ch 18), and Exotic options (Ch 24)
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Latest profile posts

I want to appear in May 2021 for FRM part 1, can any one update me about the syllabus, how to go ahead, and is 6 months enough to clear the exam. also I have 10+ years of experience in financial industry (wealth management), does it help, and also, will it considered under professional experience which is required to get the charter/certification of FRM? please advice.
Hi , Is there any exam feedback feedback of Oct 2020 ?
Abdulla124 wrote on Hesham_87's profile.
Hi Mr. Hesham,
Hope this message finds you well.
I am currently a candidate in the ORM program and needs your kind tips as my exam day after one month.
I hope to get an answer fro you on my personal email [email protected]

Kind regards,
Abdulla.
Shruthi Desai wrote on David Harper CFA FRM's profile.
Hi David. I have a question. May sound silly, but I want some clarity. Risk Free Value = Risky Value + CVA. As the name indicates, Risk Free value is for assuming Zero risk. Not sure how can it have a risky component. Can you please advice? Thanks.
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