Since Dodd Frank Act prohibits banks to use credit ratings for calculation of regulatory capital, is it fair to say that no US bank uses standardized approach (since std. app. was largely based on external credit ratings?
Also, I am reading a recent "Revisions to the Standardised Approach...
Jotted down some thoughts........
First of all I am so relieved to pass with decent quartiles (Credit 1, Market 1, Op 2, Risk Mgmt 1, Current Issues 3).
Preparation time: 5 Months (average weekday run rate of 3 hours, weekend 6 hours per day)
The amount of material is OVERWHELMING. So start...
Part II was by far one of toughest exam I gave. Excruciating amount of material. Start early. I do want to capture some detailed observations for Part II. Will post over weekend.
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