What's new

2019: Part 2 New and Updated Published Materials

Status
Not open for further replies.

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #1
This thread is to give our members a quick reference to the new and updated Part 2 materials that we publish throughout the 2019 exam period. We include the date that the materials were updated or published so you know that you are using the most up-to-date materials.

Please make sure to read our publishing process thread here before asking questions about if and when specific materials will be published: https://www.bionicturtle.com/forum/threads/important-please-read-publishing-process-for-2019.22026/. Thank you :)

Credit Risk Measurement & Management
  • Reading 44, Malz: Study Notes Updated 03/22/19 to v9
    • Chapter 7 Addition to LO: Calculate the unconditional default probability and the conditional default probability given the hazard rate.
    • Chapter 8 LO Added: Define and calculate Credit VaR.
    • Chapter 8 LO Added: Assess the effect of granularity on Credit VaR.
    • Chapter 8 Addition to LO: Define and calculate default correlation for credit portfolios.
Operational & Integrated Risk Management
  • Reading 52, Observations on Developments: Study Notes updated 03/27/19
    • Addition to LO: Explain the role of an RAF in managing the risk of individual business lines within a firm, and describe best practices
    • LO Removed: Describe the classes of risk metrics to be communicated to managers within the firm.
  • Reading 59, Range of Practices: Study Notes Updated 03/12/19 to v7
    • Addition to LO: Defining and calculating risk measures
    • Addition to LO: Describe the BIS recommendations that supervisors should consider to make effective use of internal risk measures, such as economic capital, not designed for regulatory purposes.
    • New LO: Explain benefits and impacts of using an economic capital framework within the following areas
    • New LO: Describe best practices and assess key concerns for the governance of an economic capital framework.
  • Reading 67, Hull Ch.15, 16, 17& 18: Study Notes Updated 03/28/19
    • Ch 15 LO Added: Summarize the impact of netting on credit exposure and calculate the net replacement ratio.
    • Ch 15 LO Added: Apply and calculate the worst-case default rate (WCDR) in the context of Basel II.
    • Chapter 15 LO Removed: Define in the context of Basel II and calculate where appropriate: Probability of default (PD), Loss given default (LGD), Exposure at default (EAD) and Worst-case probability of default
    • Chapter 16 LO Added: Describe regulations for global systemically important banks (G-SIBs), including incremental capital requirements and total loss-absorbing capacity (TLAC).
    • Chapter 16 LO Changed: Explain the major changes to the U.S. financial market regulations as a result of Dodd-Frank and compare Dodd-Frank regulations to regulations in other countries.
    • All of Chapter 17 Added
    • Chapter 18 LO Removed: Describe the proposed changes to the Basel market risk capital calculation and the motivations for these changes, and calculate the market risk capital under this method.
    • Chapter 18 LO Removed: Explain the FRTB revisions to Basel regulations in the following areas: Treatment of credit spread and jump-to-default risk, including the incremental default risk charge
    • Chapter 18 LO Added: Describe the changes to the Basel framework for calculating market risk capital under the Fundamental Review of the Trading Book (FRTB), and the motivations for these changes.
    • Chapter 18 LO Added: Explain the FRTB revisions to Basel regulations in the following areas: Backtesting, profit and loss attribution, credit risk, and securitizations
  • Reading 68, “High-level summary of Basel III reforms”
    • New study notes published 03/15/19
  • Reading 69, "Basel III: Finalising post-crisis reforms”
    • New study notes published 03/21/19
Risk Management & Investment Management
  • Reading 75, Bodie
    • Updated PQ set to fix errors 05/15/19
Current Issues
  • Reading 78, Kopp
    • New PQ set published 01/10/19
    • New Study Notes published 03/13/19
  • Reading 79, Varian
    • Updated current PQ set with new PQs 01/16/19
  • Reading 80, van Liebergen
    • Updated current PQ set with new PQs 02/07/19
  • Reading 81, Artificial Intelligence and Machine Learning
    • New PQ set published 02/07/19
    • New Study Notes published 03/13/19
  • Reading 82, Gomber,Fintech
    • New PQ set published 02/22/19
    • New Study Notes published 03/13/19
  • Reading 84, What is SOFR
    • New PQ set published 02/27/19
    • New Study notes published 03/13/19
Part 1 Review
  • NEW Full Interactive Mock Exam 2 Published 05/09/19
 
Last edited:

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #7
Study Notes PDF Updated 03/12/19

Operational & Integrated Risk Management

Reading 59, Range of Practices: Study Notes Updated to v7: https://www.bionicturtle.com/topic/...es-and-issues-in-economic-capital-frameworks/
  • Addition to LO: Defining and calculating risk measures
  • Addition to LO: Describe the BIS recommendations that supervisors should consider to make effective use of internal risk measures, such as economic capital, not designed for regulatory purposes.
  • New LO: Explain benefits and impacts of using an economic capital framework within the following areas
  • New LO: Describe best practices and assess key concerns for the governance of an economic capital framework.
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #11
Study Notes PDF Updated 03/22/19

Credit Risk Measurement & Management
  • Reading 44, Malz: Study Notes Updated 03/22/19 to v9: https://www.bionicturtle.com/topic/study-notes-malz-chapters-6-7-8-9/
    • Chapter 7 Addition to LO: Calculate the unconditional default probability and the conditional default probability given the hazard rate.
    • Chapter 8 LO Added: Define and calculate Credit VaR.
    • Chapter 8 LO Added: Assess the effect of granularity on Credit VaR.
    • Chapter 8 Addition to LO: Define and calculate default correlation for credit portfolios.
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #12
Study Notes PDF Updated 03/27/19

Operational & Integrated Risk Management
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #13
Study Notes PDF UPdated 03/28/19

Operational & Integrated Risk Management
  • Reading 67, Hull Ch.15, 16, 17& 18: Study Notes Updated to v9: https://www.bionicturtle.com/topic/study-notes-hull-chapters-15-16-17-18/
    • Ch 15 LO Added: Summarize the impact of netting on credit exposure and calculate the net replacement ratio.
    • Ch 15 LO Added: Apply and calculate the worst-case default rate (WCDR) in the context of Basel II.
    • Chapter 15 LO Removed: Define in the context of Basel II and calculate where appropriate: Probability of default (PD), Loss given default (LGD), Exposure at default (EAD) and Worst-case probability of default
    • Chapter 16 LO Added: Describe regulations for global systemically important banks (G-SIBs), including incremental capital requirements and total loss-absorbing capacity (TLAC).
    • Chapter 16 LO Changed: Explain the major changes to the U.S. financial market regulations as a result of Dodd-Frank and compare Dodd-Frank regulations to regulations in other countries.
    • All of Chapter 17 Added
    • Chapter 18 LO Removed: Describe the proposed changes to the Basel market risk capital calculation and the motivations for these changes, and calculate the market risk capital under this method.
    • Chapter 18 LO Removed: Explain the FRTB revisions to Basel regulations in the following areas: Treatment of credit spread and jump-to-default risk, including the incremental default risk charge
    • Chapter 18 LO Added: Describe the changes to the Basel framework for calculating market risk capital under the Fundamental Review of the Trading Book (FRTB), and the motivations for these changes.
    • Chapter 18 LO Added: Explain the FRTB revisions to Basel regulations in the following areas: Backtesting, profit and loss attribution, credit risk, and securitizations
 
Status
Not open for further replies.
Top