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Just reading now CFA Level 1 and found HHI explanation. My answer was that BASEL allow to use with another concentration measure instruments. But now I understand that it's false: HHI deals with concentration of market competition, but not with credit risk concentration.

AG, where did you find formulat LVAR(exo)*LVAR(endo)/VAR? Level 1 for me was pretty simple. I was done before 30 minutes and finally was graded 3 first-quartile and 1 second. For level 2 I prepaired much more time, but for me it was much more difficult. The computational questions were...

I'll continue: 41) Gross incomes for previous 3 years , outsoursing commisions for previous 3 years, and profit from equity sale in last year are given. What is the ORC(BIA). The problem is there is no answer if we use only gross income data. So we should use another data somehow. Pls explain...

If everyone will be lucky, GARP will raise the minimum threshold so that success rate near 50%.

Here http://www.bionicturtle.com/how-to/question/liquidity-crunch-spiral-of-2007-08-l2.t9.19 I fount the next I think it's a mistake, isn't it?

1. What is alpha parameter? How it should be used in the V@R calculation? 2. Maybe is it about survivorship bias? 3. Maybe does it mean Basel classification to 7 types: 1) internal fraud 2) external fraud 3) employment practicies and workplace safety 4) clients, products, and business...