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    2013 FRM Calendar (Updated 8/15/2013)

    hi, FRM forum is really good, I just wonder do u guys have any CFA forum or books or notes I can reference? thx
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    Results for May 2013 Exam Appear to Be Posted VERY Early

    Yeah, I passed, i am happy, this forum is good, cost me nothing but passed
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    FRM May Part II

    this is BaselIII, T2 decrease..... T3 canceled, I really sure at this point
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    FRM May Part II

    no, this is not my memory, I did not choose this one,
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    FRM May Part II

    so how could you explain Tier1 6% but Tier2 2% ?
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    2013 FRM Part 2 May Exam Feedback

    n*p = 252*0.02 (since it is 98%VaR) and the variance is sqrt(n*p*(1-p)) = sqrt(252*0.02*0.98) for this one, I think you are right..... dam I did not think this deep, how suck these questions are......
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    FRM May Part II

    These stuff wrote by @RiskNoob really amazing memory Market Risk -Implied volatility: Given the skewed (equity) curve, which option is undervalued? -Implied volatility: Similar to above, describe fatness of the right and left tails. -Exotic option: which option has the large negative...
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    2013 FRM Part 2 May Exam Feedback

    Oh, buddy you really remember a lot! I think for Weakness of ES: the only difference between spectul and ES is diff weighting, so which mean spec take into account people's risk aversion VaR Backtest: what is the max. number of exceeds of 1day 98%VaR model suit for 1yr 95% VaR 252days, my...
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    FRM May Part II

    the answer is Core Equity 4.5%, I think CCB is just buffer, but Tier1's core common equity is alwasy 4.5% Tier 2 capital decrease from 4% to 2% to 2% Total 8% 8% 10.5% Tier1 4% 6% 8.5% core 2% 4.5% 7% when T1>=T2 at 8% level T1=4% T2=4% but now T1=6% so T2=2% (decrease) this just my guess...
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    FRM May Part II

    Currency is abs right, I clearly remember currency swap pic, but it said cross currency swap so I am not sure, for IRS the picture is really wired,
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    FRM May Part II

    I clearly remember 2 of pic is wrong, only IRS(seems correct) and Currency was correct, so I read question again, said largest exposure right(no sure)? but I think IRS pic is not correct should be like Reverse curve so I choose currency
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    2013 FRM Part 2 May Exam Feedback

    no, I don't like this exam, there is generally no too much calculate questions (I really like calculate question I hate reading), I spend a lot of time on calculating stuff, but like Merton model, CLN, CDS spread, Key rate, etc. didn't even mention
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    FRM May Part II

    yeah 2bps I choose first time, then I change to 7bps b/c i think GARP want to screw me up, so I change to bps, hope we both right
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    FRM May Part II

    I choose cross currency, I think for currency, the exposure is largest at the end of day, B/C they will switch total value
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    FRM May Part II

    for CVA I just want to say hell, who knows which is 250 which is 200, it just said Trader's CDS 200 who knows is short or long spread
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    FRM May Part II

    oh,,,,, really tired, i just want to say fk up...... a lot of stuff they didn't cover,,,, the exam didn't have too much about calculate, but a lot of reading and operational, current issue, etc. there is no Merton model, no CLN, no Key rate. generally, the question was not really hard, but they...
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    FRM MAY PART 1 2013 Feedback

    how's the overview of this test, hard or not too hard? all stuff based on notes?
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    Understanding Credit-Linked Notes

    why the protection buyer = CLN issuer ? are they same entity? I thought CLN issuer was protection seller sell CDS to protection buyer, then give protection buyers' CDS premium to CLN investor + riskless coupon = enchanced coupon, is this right? or I have to understand another way, that CLN...
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    Expected Shortfall

    my confusion is that where is the 1/1-confidence ? suppose 1/5% * (x*f(x) + .....)
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