Reading the papers should be fine for current issues. Part 2 theoretical questions are difficult and in my opinion they are difficult because unlike the CFA institute; GARP does not know how to write good concise questions to test the candidate's knowledge.
There is no reason for them to reject Operational Risk experience, it is a major part of the curriculum. I have 10 years of Derivatives experience now and risk management is not explicitly mentioned in my job description but the purpose of derivatives is to manage risk. More than 50% of the...
GARP's work experience verification process is a joke. I submitted mine on January 6th which means I will be waiting for years now. Reputation risk for GARP.
FRM folks do not know how to write good questions. They need to spend some time with CFA or CPA examiners. A concept can be tested with a concise question. You do not need to make a question long, verbose and meander around the core issue. According to me the questions were tough and obscure...
Hi David,
How should I interpret the two highlighted amounts $59.55 and $92.55 (Jorion Ch 7 notes, Page 14)?
We are subtracting the Individual VaR of each position from the Diversified Portfolio VaR ($256.9 - $197.38 = $59.55 / 256.9 – 164.49 = $92.45).
Is this Incremental VaR (Marginal VaR *...
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