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Learning Objectives: Apply the GARCH (1,1) model to estimate volatility. Explain and apply approaches to estimate long horizon volatility/VaR and describe the process of mean reversion according to a GARCH (1,1) model. Evaluate implied volatility as a predictor of future volatility and its...

Learning Objectives: Explain how asset return distributions tend to deviate from the normal distribution. Explain reasons for fat tails in a return distribution and describe their implications. Distinguish between conditional and unconditional distributions and describe regime switching. Compare...

We are currently experiencing an issue in the forum where Dropbox links are broken, and they are showing up as "Deleted Item" when you click on the link. We are currently working with our IT team on this issue and hope to have it resolved asap. We appreciate your patience.

Learning Objectives: Describe and calculate VaR for linear derivatives. Describe the limitations of the delta-normal method. Explain the Monte Carlo simulation method for computing VaR and ES and identify its strengths and weaknesses. Describe the implications of correlation breakdown for a VaR...

Learning Objectives: Explain and give examples of linear and non-linear portfolios. Describe and explain the historical simulation approach for computing VaR and ES. Describe the delta-normal approach and use it to calculate VaR for non-linear derivatives. 24.3.1 Lenny runs a...

Learning objectives: Define the VaR measure of risk, describe assumptions about return distributions and holding periods, and explain the limitations of VaR. Explain and calculate ES and compare and contrast VaR and ES. Define the properties of a coherent risk measure and explain the meaning of...

@MD Mehedi Hasan I moved your post to this thread, which discusses this issue. Please contact customer support at [email protected] so they can take a look at your account and get this resolved for you. Thank you.

@PBhan9410 Yes, that is the study planner.

It has been brought to my attention that there may be some people who are having issues accessing the materials Vital Source, so they think that they don't have access to any of their purchased materials. As in previous years, when you purchase, you will have full access to all of the previous...

@zhuan4928 @jtmwdc I am very sorry that you are frustrated, and I do understand. You are correct that there are certain materials that have not been updated yet. We did say we BEGIN to update the materials in January, and we continue to update throughout the exam period, as we have for over ten...

Hello @seandural, the answers, explanations, and discussions are available to paid members who have purchased one of our Advanced or Professional FRM study packages. The link above brings you to the paid section of the forum. These practice questions are part of our paid study materials, and...

Learning objectives: Define risk management responsibilities in an organization and explain the three lines of defense framework for effective risk management and control. Explain the processes that lead to risk taking including credit origination, credit risk assessment, and credit approval...

As many of you know, it is important for us to understand our customers, their requirements, and how they are utilizing our study materials. One way we can gather information on this is by keeping track of which exam date our members are registered for. Please take a moment to fill out our poll...

This is just a reminder that the BT forum is for content-related questions only and for our team to provide you with important announcements and updates. If you have any other questions or inquiries related to purchasing, your account, or access to the materials, please contact our customer...

Just a reminder to everyone to please read through this forum post before posting elsewhere in the forum about chapters or materials that have not been updated or published yet. This forum post explains our publishing process. Thank you.

@ABlac3075 Please note that I moved your post to this thread, which discusses your question. Thank you.

Learning objectives: Describe the entities that are exposed to credit risk and explain circumstances under which exposure occurs. Discuss the motivations for managing or taking on credit risk. Questions: 24.2.1. Tan Company, an international motorcycle distributor, is experiencing a decline in...

@zhuan4928 If you follow the study planner, you will be able to navigate directly to your documents in Vital Source. Our study planner follows the GARP syllabus (see page 17 for Credit Risk). In the syllabus, this reading is called Gregory, xVA Challenge. It includes chapters 2, 3, 6, 7, 8...

Hello @JLahi3618 I've moved your post here to the forum thread where we have provided the previous GARP practice exams. Please make sure to read the original post, as there is important information stating why you should not study any of GARP's practice exams prior to 2019. Also, I want to...

@aalirahman I am going to send you a private message, so we are not trying to troubleshoot this in this forum thread. We want to keep the discussion here about the content. I have had other people test the links, and they aren't having any issues, so it seems to be an issue with only your...