GARP has twittered the pass rates of the May Exams yesterday:
May 2016 #GARPFRM Exam pass rates -- Part I: 44.5% | Part II: 50.1%
May 2016 #GARPERP Exam pass rates -- Part I: 57.0% | Part II: 57.4%
We have already created a WhatsApp group called "FRM II Exam May 2016" for continuous exchange between candidates for the May 2016 Part II exam.
Feel free to join us. :-)
I have chosen the Bionic Turtle Advanced Study Plan for Part II and will be studying with Bionic Turtle...
The exact hour of the announcement has not been specified by GARP as of now.
But they have definitely confirmed on their Twitter account about one hour ago that the results will be released tomorrow.
Good luck! :-)
Regarding the question on requirements which have to be fulfilled for a series to be covariance stationary besides a stable mean and a stable covariance structure, it is also required that the autocovariance at displacement 0 is finite.
I think that you do have a chance of passing with 50 - 60%!
There are a couple of people who only studied one week for the Part I Exam and then they passed, even with a quite good quartile ranking.
In any case, I wish you the best of luck and will keep my fingers crossed for all of...
I agree with aof regarding the question on the Sharpe and Information Ratio.
According to my calculations, the portfolio with the highest sharpe ratio did not fulfill the criterion regarding the information ratio threshold.
The portfolio with the second highest sharpe ratio did...
The population includes all the candidates who have taken the respective exam on that particular day.
So if you have taken the FRM Part I Exam, all the candidates who have taken the FRM Part I exam on the same day will be in the population.
Then GARP will assign a quartile ranking...
Hi @Nicole Manley
I think there is an error on page 3 of the Study Notes for Chapter 18 in Valuation & Risk Models - Operational Risk:
The Study Notes say the following on page 3:
" 2. Standardized Approach
Capital calculation for a year by business line = (year 1 gross revenue from...