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  1. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    That must have been borderline, considering you got 2's for 75% of the exam. Good luck next time.
  2. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Well done mate. That's not easy. Congrats.
  3. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Thanks BT. Your notes are quality!!! I do however think you have a lot more room for improvement, such as the fact that you publish some material late or not at all. Saying that, I did not score below 2nd quartile in none of the 9 FRM sections across the 2 levels. This putting much less hours...
  4. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Results are out. Get in!!! Passed 1-2-2-2-1
  5. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Come on GARP... Do us a favour and publish the results NOW!!!
  6. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Portfolio credit VaR is a quantile of the credit loss minus the expected loss of the portfolio. Default correlation has a tremendous impact on portfolio risk.  Default correlation affects the volatility and extreme quantiles of loss but does not impact the expected loss (EL).  If default...
  7. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Correct. Unfortunately I got this easy one wrong. Along with more easy ones!
  8. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    I couldn't agree more with your conclusion.
  9. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Right, I've got 52 questions so far. I know it's sad making a spreadsheet list but I think I am going to die of anxiety if I wait until 23rd June. Any more please?
  10. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Question on stress testing. I answered bank needs to shock risk factors they are most sensitive to. That may be wrong. Also question on external loss of Girling was on a company suffering damage to physical assets (some natural disaster I think).
  11. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Distribution required for LDA. I answered Poisson
  12. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Question on the ordinal measures of correlation. I think answer was that they are not invariant to transformations of variables
  13. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Liquidity adjusted VaR was around 35k or sth? (really can't remember but straightforward question)
  14. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Another one on smoothing effect on illiquid assets prices. I chose increase in volatility or sth like that
  15. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Another one on FVA
  16. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    There was also a question on credit lines and CVA. I chose the one saying that CVA can be calculated in advance and therefore fully hedged.
  17. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    I can't remember neither the questions nor the answers very well. But how can we reject the 99% VaR which only gave 1 exception, therefore z value = 0.3178 which is lower than 1.96? So, which one did you choose? I chose B actually, but I can't remember if the answer mentioned 'Statistics' or...
  18. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Agreed, 248 is the correct answer.
  19. S

    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    I think the answer was to reject at 95% level as abs(33-5%*1000)/sqrt(5%*95%*1000)>1.96. I unbelievably managed to get that wrong.
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