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IMPORTANT PLEASE READ: Publishing Process for 2021

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
@sandrasp

Unfortunately, no we cannot say that all materials will be updated by the May exam. That would be impossible, and we have never been able to completely update the study planner before May. In order to do this, we would need to sacrifice the quality of our materials and we are not willing to do that, as quality is more important than quickly preparing materials just to fill in the study planner.

Current Issues is not priority, as there are many other readings in the curriculum that are more difficult to learn, so we must prepare those first. We work as quickly as possible without sacrificing the quality of our materials. Everything in the study planner is relevant, there will just be some readings that do not have the newest learning objectives.

The mock exams will not be updated before the May exam because David just started writing new practice questions a couple of weeks ago, so there will not be new questions to add to the mocks. The questions in the mock exams are all relevant, but they will not include new practice questions. I've tried to explain this in more detail in the original post of this thread with links to our FAQ page. These links provide more insight into why some materials are not yet published, and why they may not be published at all.
 

Anir

New Member
Subscriber
Hi David,

Is there a study note for the 2 new Learning objectives introduced in FRM part 2 exam for 2021 in Credit risk topic under CVA chapter 17 of Jon Gregory, The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital, 4th Edition (West Sussex, UK: John Wiley & Sons, 2020)?

The 2 new Learning objectives are:
• Describe the various wrong-way modeling methods including hazard rate approaches, structural approaches, parametric approaches, and jump approaches.
• Explain the implications of central clearing on wrong-way risk

Sincerely,
Anir
 

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
Hi David,

Is there a study note for the 2 new Learning objectives introduced in FRM part 2 exam for 2021 in Credit risk topic under CVA chapter 17 of Jon Gregory, The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital, 4th Edition (West Sussex, UK: John Wiley & Sons, 2020)?

The 2 new Learning objectives are:
• Describe the various wrong-way modeling methods including hazard rate approaches, structural approaches, parametric approaches, and jump approaches.
• Explain the implications of central clearing on wrong-way risk

Sincerely,
Anir
Hello @Anir. I moved your post to this thread, which provides our publishing process. We do an extensive analysis of all of the new learning objectives every year, and we make sure to update them as quickly as we can (it is a very time-consuming process). Generally, we ask that our members do not ask for updates on specific materials because we are not able to provide dates when specific materials will be published (see the original post in this thread). However, in this case, I can tell you that our content writer is currently updating the Gregory notes. I will be publishing it as soon as the update is completed and it has gone through our review process.
 

MCher

New Member
Subscriber
Hello David, I signed up couple of days ago for Advanced package and have my 2021 GARP proprietary study materials. Will the instructional videos for part 1 reflect the change from readings to the GARP proprietary books? Thank you
 

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
Hello @MCher,

We have not been able to update the instructional videos for 2021 yet, however, if you look at the curriculum analysis spreadsheet under the announcements section, you will notice that many of the learning objectives are still the same. We will update the instructional videos, but we cannot guarantee that they will be updated before specific exams.
 

David Harper CFA FRM

David Harper CFA FRM
Staff member
Subscriber
@MCher The Part 1 LOs didn't change when GARP switched to their proprietary readings; the videos apply just the same. GARP's readings are, on average, inferior to the actual chapters (like Hull's chapters) upon which they are anyhow based. The videos refer to the same LOs.
 
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