Skip to content

Cart
My Account
Log In
Sign up Free!

Forum
Shop FRM®
FAQs
My Courses
My Account
Login
Log Out

Mock Exams

FRM® Part 2 Advanced Mock Exams

Lesson Content

Part 2 Full Length Interactive Mock Exam 1

Part 2 Full Length Interactive Mock Exam 2

Previous Lesson

Upgrade Your Account
to Access More Content

Course Navigation

Course Home Expand All

Market Risk Measurement & Management

Dowd, Measuring Market Risk, Chapters 3, 4 & 7

5 Topics

Study Notes: Dowd, Chapters 3, 4 & 7

Practice Question Set: Dowd, Chapters 3, 4 & 7

Instructional Video: Dowd, Chapter 3: Estimating Market Risk Measures

Instructional Video: Dowd, Chapter 4: Non-parametric Approaches

Instructional Video: Dowd, Chapter 7: Parametric Approaches

Jorion, Value-at-Risk, Chapters 6 & 11

4 Topics

Study Notes: Jorion, Chapters 6 & 11

Practice Question Set: Jorion Chapters 6 & 11

Instructional Video: Jorion, Chapter 6: Backtesting VaR

Instructional Video: Jorion, Chapter 11: VaR Mapping

Messages from the Academic Literature

3 Topics

Study Notes: Messages: Risk Measurement for the Trading Book

Practice Question Set: Messages: Risk Measurement for the Trading Book

Instructional Video: Messages: Risk Measurement for the Trading Book

Meissner, Correlation Risk Modeling and Management, Chapters 1, 2 & 5

5 Topics

Study Notes: Meissner, Chapters 1, 2 & 5

Practice Question Set: Meissner, Chapters 1, 2 & 5

Instructional Video: Meissner, Chapter 1: Correlation Basics

Instructional Video: Meissner, Chapter 2: Empirical Properties of Correlation

Instructional Video: Meissner, Chapter 5: Financial Correlation Modeling

Tuckman, Income Securities, Chapters 6, 7, 8, 9 & 10

7 Topics

Study Notes: Tuckman, Chapters 6, 7, 8, 9 & 10

Practice Question Set: Tuckman, Chapters 6, 7, 8, 9 & 10

Instructional Video: Tuckman, Chapter 6: Empirical Approaches to Risk Metrics and Hedging

Instructional Video: Tuckman, Chapter 7: The Science of Term Structure Models

Instructional Video: Tuckman, Chapter 8: Evolution of Short Rates & Shape of the Term Structure

Instructional Video: Tuckman, Chapter 9: The Art of Term Structure Models: Drift

Instructional Video: Tuckman, Chapter 10: The Art of Term Structure Models: Volatility and Distribution

Hull, Options, Futures, and Other Derivatives, Chapter 20: Volatility Smiles

3 Topics

Study Notes: Hull, Chapter 20: Volatility Smiles

Practice Question Set: Hull, Chapter 20: Volatility Smiles

Instructional Video: Hull, Chapter 20: Volatility Smiles

Hull, Risk Management, Chapter 18: Fundamental Review of the Trading Book

3 Topics

Study Notes: Hull RMFI, Chapter 18: Fundamental Review of the Trading Book

Practice Question Set: Hull RMFI, Chapter 18: Fundamental Review of the Trading Book

Instructional Video: Hull, Chapter 18: Fundamental Review of the Trading Book

Market Risk Measurement & Management Review

3 Topics | 1 Quiz

Learning Spreadsheets: P2.T5.b XLS Bundle

Learning Spreadsheets: P2.T5.c XLS Bundle

Learning Spreadsheets: P2.T5.d XLS Bundle

Market Risk Measurement & Management Quiz

Credit Risk Measurement & Management

Golin, The Bank Credit Analysis Handbook, Chapters 1 & 2

3 Topics

Study Notes: Golin, Chapters 1 & 2

Practice Question Set: Golin, Chapters 1 & 2

Instructional Video: Golin, Ch 1 & 2: The Credit Decision and The Credit Analyst

Schroeck, Chapter 5. Capital Structure in Banks

3 Topics

Study Notes: Schroeck, Chapter 5: Capital Structure in Banks

Practice Question Set: Schroeck, Chapter 5: Capital Structure in Banks

Instructional Video: Schroeck, Chapter 5: Capital Structure in Banks

De Laurentis, Chapter 3: Ratings Assignment Methodologies

2 Topics

Study Notes: De Laurentis, Chapter 3: Ratings Assignment Methodologies

Practice Question Set: De Laurentis, Chapter 3: Ratings Assignment Methodologies

Stulz, Chapter 18: Credit Risks and Credit Derivatives

3 Topics

Study Notes: Stulz, Chapter 18: Credit Risks and Credit Derivatives

Practice Question Set: Stulz, Chapter 18: Credit Risks and Credit Derivatives

Instructional Video: Stulz, Chapter 18: Credit Risks and Credit Derivatives

Malz, Financial Risk Management, Chapters 7, 8 & 9

5 Topics

Study Notes: Malz, Chapters 7, 8 & 9

Practice Question Set: Malz, Chapters 7, 8 & 9

Instructional Video: Malz, Chapter 7: Spread Risk and Default Intensity Models

Instructional Video: Malz, Chapter 8: Portfolio Credit Risk

Instructional Video: Malz, Chapter 9: Structured Credit Risk

Gregory, The xVA Challenge, Chapters 3, 6, 7, 11 & 17

8 Topics

Study Notes: Gregory, Chapters Chapters 3, 6, 7, 11 & 17

Practice Question Set: Gregory, Chapters Chapters 3, 6, 7, 11 & 17

Instructional Video: Gregory, Chapter 3. Counterparty Risk and Beyond

Instructional Video: Gregory, Chapter 6: Netting, Close-out and Related Aspects

Instructional Video: Gregory, Chapter 7. Margin (Collateral) and Settlement

Instructional Video: Gregory, Chapter 11. Future Value and Exposure

Instructional Video 1: Gregory, Chapter 17. Credit Value Adjustment (CVA)

Instructional Video 2: Gregory, Chapter 17. Credit Value Adjustment (CVA)

Siddique & Hasan, Stress Testing, Chapter 4

2 Topics

Study Notes: Siddique & Hasan, Chapter 4: The Evolution of Stress Testing Counterparty Exposures

Practice Question Set: Siddique & Hasan, Chapter 4: The Evolution of Stress Testing Counterparty Exposures

Crouhy, Essentials of Risk Management, Chapters 9 & 12

4 Topics

Study Notes: Crouhy, Chapters 9 & 12

Practice Question Set: Crouhy, Chapters 9 & 12

Instructional Video: Crouhy, Chapter 9: Credit Scoring and Retail Credit Risk Management

Instructional Video: Crouhy, Chapter 12: The Credit Transfer Markets—and Their Implications

Choudhry, Structured Credit Products, Chapter 12

3 Topics

Study Notes: Choudhry, Chapter 12: An Introduction to Securitisation

Practice Question Set: Choudhry, Chapter 12: An Introduction to Securitisation

Instructional Video: Choudhry, Chapter 12: An Introduction to Securitisation

Ashcraft, Understanding Securitization of Subprime Mortgage Credit

3 Topics

Study Notes: Ashcraft, Securitization of Subprime Mortgage Credit

Practice Question Set: Ashcraft, Securitization of Subprime Mortgage Credit

Instructional Video: Ashcraft, Securitization of Subprime Mortgage Credit

Credit Risk Measurement & Management Review

4 Topics | 1 Quiz

Learning Spreadsheets: P2.T6.b XLS Bundle

Learning Spreadsheets: P2.T6.a XLS Bundle

Learning Spreadsheets: P2.T6.c XLS Bundle

Learning Spreadsheets: P2.T6.d XLS Bundle

Credit Risk Measurement & Management Quiz

Operational & Integrated Risk Management

Chapter 1. Introduction to Operational Risk and Resilience

3 Topics

Study Notes: Chapter 1. Introduction to Operational Risk and Resilience

Practice Question Set: Chapter 1. Introduction to Operational Risk and Resilience

Instructional Video: Chapters 1, 2 & 3

Chapter 2. Risk Governance

2 Topics

Study Notes: Chapter 2. Risk Governance

Practice Question Set: Chapter 2. Risk Governance

Chapter 3. Risk Identification

1 Topic

Study Notes: Chapter 3. Risk Identification

Chapter 4. Risk Measurement and Assessment

3 Topics

Study Notes: Chapter 4. Risk Measurement and Assessment

Practice Question Set: Chapter 4. Risk Measurement and Assessment

Instructional Video: Chapters 4 & 6 Risk Measurement & Risk Reporting

Chapter 5. Risk Mitigation

2 Topics

Study Notes: Chapter 5. Risk Mitigation

Instructional Video: Chapter 5 & Chapter 7

Chapter 6. Risk Reporting

1 Topic

Study Notes: Chapter 6. Risk Reporting

Chapter 7. Integrated Risk Management

1 Topic

Study Notes: Chapter 7: Integrated Risk Management

Cyber-resilience: Range of practices

3 Topics

Study Notes: Cyber-resilience: Range of practices

Practice Question Set: Cyber-resilience: Range of practices

Instructional Video: Cyber-resilience: Range of practices & Chapter 9: Cyberthreats and Information Security Risks

Chapter 9. Case Study: Cyberthreats and Information Security Risks

1 Topic

Study Notes: Chapter 9. Case Study: Cyberthreats and Information Security Risks

Sound Management of Risks: Money Laundering and Financing of Terrorism

3 Topics

Study Notes: Sound Management of Risks: Money Laundering and Financing of Terrorism

Practice Question Set: Sound Management of Risks: Money Laundering and Financing of Terrorism

Instructional Video: Sound Management of Risks (ORR-10) and Case Study: Financial Crime & Fraud (ORR-11)

Chapter 11. Case Study: Financial Crime and Fraud

1 Topic

Study Notes: Chapter 11. Case Study: Financial Crime and Fraud

Guidance on Managing Outsourcing Risk

3 Topics

Study Notes: Guidance on Managing Outsourcing Risk

Practice Question Set: Guidance on Managing Outsourcing Risk

Instructional Video: Guidance on Managing Outsourcing Risk & Chapter 13 Case Study: Third-party Risk Management

Chapter 13. Case Study: Third-party Risk Management

1 Topic

Study Notes: Chapter 13. Case Study: Third-party Risk Management

Chapter 14. Case Study: Investor Protection and Compliance Risks in Investment Activities

2 Topics

Study Notes: Chapter 14. Case Study: Investor Protection and Compliance Risks in Investment Activities

Instructional Video: Chapter 14. Case Study: Investor Protection and Compliance Risks in Investment Activities

Supervisory Guidance on Model Risk Management

3 Topics

Study Notes: Supervisory Guidance on Model Risk Management

Practice Question Set: Supervisory Guidance on Model Risk Management

Instructional Video: Supervisory Guidance on Model Risk Management and Chapter 16. Case Study: Model Risk and Model Validation

Chapter 16. Case Study: Model Risk and Model Validation

1 Topic

Study Notes: Chapter 16. Case Study: Model Risk and Model Validation

Schuermann, Stress Testing Banks

3 Topics

Study Notes: Schuermann, Stress Testing Banks

Practice Question Set: Schuermann, Stress Testing Banks

Instructional Video: Schuermann, Stress Testing Banks

Crouhy, Essentials of Risk Management, Chapter 17

3 Topics

Study Notes: Crouhy, Chapter 17: Risk Capital Attribution and Risk-Adjusted Performance Measurement

Practice Question Set: Crouhy, Chapter 17: Risk Capital Attribution and Risk-Adjusted Performance Measurement

Instructional Video: Crouhy, Chapter 17: Risk Capital Attribution and Risk-Adjusted Performance Measurement

Range of Practices and Issues in Economic Capital Frameworks

3 Topics

Study Notes: Range of Practices

Practice Question Set: Range of Practices

Instructional Video: Range of Practices and Issues

Capital Planning at Large Bank Holding Companies

2 Topics

Study Notes: Capital Planning at Large Bank Holding Companies

Practice Question Set: Capital Planning at Large Bank Holding Companies

Carey, Capital Regulation Before the Global Financial Crisis

3 Topics

Study Notes: Carey, Capital Regulation Before the Global Financial Crisis

Practice Question Set: Carey, Capital Regulation Before the Global Financial Crisis

Instructional Video: Hull, Chapter 15 (Previous author/same content)

Carey, Solvency, Liquidity and Other Regulation After the Global Financial Crisis

3 Topics

Study Notes: Carey, Solvency, Liquidity and Other Regulation

Practice Question Set: Carey, Solvency, Liquidity and Other Regulation

Instructional Video: Hull, Chapter 16 (Previous author/same content)

High-level summary of Basel III reforms

2 Topics

Study Notes: High-level summary of Basel III reforms

Practice Question Set: High-level summary of Basel III reforms

Basel III: Finalising post-crisis reforms

2 Topics

Study Notes: Basel III: Finalising post-crisis reforms

Practice Question Set: Basel III: Finalising post-crisis reforms

Operational & Integrated Risk Management Review

3 Topics | 1 Quiz

Learning Spreadsheets: P2.T7.a XLS Bundle

Learning Spreadsheets: P2.T7.b XLS Bundle

Learning Spreadsheets: P2.T7.c XLS Bundle

Operational & Integrated Risk Management Quiz

Liquidity and Treasury Risk Measurement and Management

Hull, Risk Management and Financial Institutions, Chapter 24

3 Topics

Study Notes: Hull, RMFI, Chapter 24: Liquidity Risk

Practice Question Set: Hull, RMFI, Chapter 24: Liquidity Risk

Instructional Video: Hull, RMFI, Chapter 24: Liquidity Risk

Malz, Financial Risk Management: Models, History, and Institutions, Chapter 12

3 Topics

Study Notes: Malz, Chapter 12: Liquidity and Leverage

Practice Question Set: Malz, Chapter 12: Liquidity and Leverage

Instructional Video: Malz, Chapter 12: Liquidity and Leverage

Venkat, Liquidity Risk Management, Chapter 6: Early Warning Indicators

3 Topics

Study Notes: Venkat, Chapter 6: Early Warning Indicators

Practice Question Set: Venkat, Chapter 6: Early Warning Indicators

Instructional Video: Venkat, Chapter 6: Early Warning Indicators

Rose, Bank Management & Financial Services, Chapters 10 & 11

2 Topics

Study Notes: Rose, Bank Management & Financial Services, Chapter 10 & 11

Practice Question Set: Rose, Bank Management & Financial Services, Chapters 10 & 11

Venkat, Liquidity Risk Management, Chapter 4

2 Topics

Study Notes: Venkat, Chapter 4: Intraday Liquidity Risk Management

Practice Question Set: Venkat, Chapter 4: Intraday Liquidity Risk Management

Castagna, Measuring and Managing Liquidity Risk, Chapter 6

2 Topics

Study Notes: Castagna, Chapter 6: Monitoring Liquidity

Practice Question Set: Castagna, Chapter 6: Monitoring Liquidity

Duffie, Failure Mechanics of Dealer Banks

3 Topics

Study Notes: Duffie, Failure Mechanics of Dealer Banks

Practice Question Set: Duffie, Failure Mechanics of Dealer Banks

Instructional Video: Duffie, Failure Mechanics of Dealer Banks

Venkat, Liquidity Risk Management, Chapter 3

2 Topics

Study Notes: Venkat, Chapter 3: Liquidity Stress Testing

Practice Question Set: Venkat, Chapter 3: Liquidity Stress Testing

Choudhry, The Principles of Banking Institutions, Chapter 14

2 Topics

Study Notes: Choudhry, The Principles of Banking Institutions, Chapter 14 – Coming Soon

Practice Question Set: Choudhry, Chapter 14: Liquidity Risk Reporting and Stress Testing

Venkat, Liquidity Risk Management, Chapter 7

2 Topics

Study Notes: Venkat, Chapter 7: Contingency Funding Planning

Practice Question Set: Venkat, Chapter 7: Contingency Funding Planning

Rose, Bank Management & Financial Services, Chapters 12 & 13

2 Topics

Study Notes: Rose, Bank Management & Financial Services, Chapters 12 & 13

Practice Question Set: Rose, Bank Management & Financial Services, Chapters 12 & 13

Tuckman, Fixed Income Securities, Chapter 12

2 Topics

Study Notes: Tuckman, Chapter 12: Repurchase Agreements and Financing

Practice Question Set: Tuckman, Chapter 12: Repurchase Agreements and Financing

Grant, Liquidity Transfer Pricing: A Guide to Better Practice

2 Topics

Study Notes: Grant, Liquidity Transfer Pricing: A Guide to Better Practice

Practice Question Set: Grant, Liquidity Transfer Pricing: A Guide to Better Practice

McGuire, The US Dollar Shortage in Global Banking and the International Policy Response

2 Topics

Study Notes: McGuire, US Dollar Shortage in Global Banking

Practice Question Set: McGuire, US Dollar Shortage in Global Banking

Borio, Covered Interest Rate Parity Lost: Understanding the Cross-Currency Basis

2 Topics

Study Notes: Borio, Covered Interest Rate Parity Lost

Practice Question Set: Borio, Covered Interest Rate Parity Lost

Rose, Bank Management & Financial Services, Chapter 7

2 Topics

Study Notes: Rose, Chapter 7: Risk management for Changing Interest Rates

Practice Question Set: Rose, Chapter 7: Risk management for Changing Interest Rates

Ang, Asset Management, Chapter 13

3 Topics

Study Notes: Ang, Chapter 13: Illiquid Assets

Practice Question Set: Ang, Chapter 13: Illiquid Assets

Instructional Video: Ang, Chapter 13: Illiquid Assets

Risk Management & Investment Management

Ang, Asset Management, Chapter 6, 7 & 10

5 Topics

Study Notes: Ang, Chapters 6, 7 & 10

Practice Question Set: Ang, Chapters 6, 7 & 10

Instructional Video: Ang, Chapter 6: Factor Theory

Instructional Video: Ang, Chapter 7: Factors

Instructional Video: Ang, Chapter 10: Alpha (and the Low-Risk Anomaly)

Grinold, Active Portfolio Management, Chapter 14

3 Topics

Study Notes: Grinold, Chapter 14: Portfolio Construction

Practice Question Set: Grinold, Chapter 14: Portfolio Construction

Instructional Video: Grinold, Chapter 14

Jorion, Value-at-Risk, Chapters 7 & 17

4 Topics

Study Notes: Jorion, Chapters 7 & 17

Practice Question Set: Jorion, Chapters 7 & 17

Instructional Video: Jorion, Chapter 7

Instructional Video: Jorion, Chapter 17

Litterman, Modern Investment Management, Chapter 17

3 Topics

Study Notes: Litterman, Chapter 17: Risk Monitoring and Performance Measurement

Practice Question Set: Litterman, Chapter 17: Risk Monitoring and Performance Measurement

Instructional Video: Litterman, Chapter 17: Risk Monitoring and Performance Measurement

Bodie, Investments, Chapter 24

3 Topics

Study Notes: Bodie, Chapter 24: Portfolio Performance Evaluation

Practice Question Set: Bodie, Chapter 24: Portfolio Performance Evaluation

Instructional Video: Bodie, Chapter 24

Constantinides, Handbook of the Economics of Finance, Chapter 17

2 Topics

Study Notes: Constantinides, Chapter 17: Hedge Funds

Practice Question Set: Constantinides, Chapter 17: Hedge Funds

Mirabile, Hedge Fund Investing, Chapter 12

2 Topics

Study Notes: Mirabile, Chapter 12: Performing Due Diligence on Specific Managers and Funds

Practice Question Set: Mirabile, Chapter 12: Performing Due Diligence on Specific Managers and Funds

Dimmock and Gerken: Finding Bernie Madoff: Detecting Fraud by Investment Managers

2 Topics

Study Notes: Dimmock and Gerken: Finding Bernie Madoff: Detecting Fraud by Investment Managers

Practice Question Set: Dimmock and Gerken: Finding Bernie Madoff: Detecting Fraud by Investment Managers

Risk Management & Investment Management Review

1 Quiz

Risk Management & Investment Management Quiz

Current Issues In Financial Markets

Aziz, S. and M. Dowling “Machine Learning and AI for Risk Management”

2 Topics

Study Notes: Aziz, S. and M. Dowling “Machine Learning and AI for Risk Management”

Practice Question Set: Aziz, S. and M. Dowling “Machine Learning and AI for Risk Management”

“Artificial Intelligence Risk & Governance,” (AIRS)

2 Topics

Study Notes: “Artificial Intelligence Risk & Governance,” (AIRS)

Practice Question Set: “Artificial Intelligence Risk & Governance,” (AIRS)

“Climate-related risk drivers and their transmission channels”, BIS

2 Topics

Study Notes: “Climate-related risk drivers and their transmission channels”, BIS

Practice Question Set: “Climate-related risk drivers and their transmission channels”, BIS

Climate- related financial risks – measurement methodologies

1 Topic

Study Notes: Climate- related financial risks – measurement methodologies

Principles for the effective management and supervision of climate-related financial risks

1 Topic

Study Notes: Principles for the effective management and supervision of climate-related financial risks

Annual Economic Report, June 2022

1 Topic

Study Notes: Annual Economic Report, June 2022

The Blockchain Revolution: Decoding Digital Currencies

1 Topic

Study Notes: The Blockchain Revolution: Decoding Digital Currencies

The future monetary system, Annual Economic Report

1 Topic

Study Notes: The future monetary system, Annual Economic Report

PART II REVIEW

Part 2 Practice Question Review

2 Quizzes

Part 2 Full Length Interactive Mock Exam 1

Part 2 Full Length Interactive Mock Exam 2

1 Topic

Part 2 Formula Sheet

Return to FRM® Part 2 Advanced

FRM Study Guide

My Courses

Stay connected

We'll keep you informed on new forum posts, relevant blog articles, and everything you'll need to prepare for your exam.

First Name
Last Name
Email*
Phone
This field is for validation purposes and should be left unchanged.

Δ

Privacy Policy
Terms of Use
Affiliate Disclosure

© Copyright 2023 – Bionic Turtle