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I am curious about this as well. The CQF seems to be already very costly (16k) with the only advantage being(seemingly) a low barrier to entry and I'm not sure the return on investment is positive. Would it not be a better investment to go for a reputed MFE,I wonder...

Hello @Torsleno - there are some papers out there freely available but none seem to explore how he derives his equation and i could not find any empirical research testing it's viability. This is why i was referencing Reinhart-Rogof.

I have been thinking about Grinold's Fundamental law for the IC recently given the exam were near . I kinda took it for granted since for the purpose of the FRM this law is kinda of easy to apply. But I was wondering, on what is this law based?And more importantly is it relevant in any way...

The BIS tracks the size of derivative markets at a more granular level and transparent methodology. They do use broad categories like those above as well. You could reconcile that with the values of state level institutions to ensure the quality of your estimates. I would be personally curious...

Hello I think there is an error on the reading Page 10 of the study note on Bodie's Performance evaluation. The 3% here should be the sample estimate of non-systemic risk and not the standard error? +

The study notes are correct. Some chapters were merged in Gregory's 4 edition even though the concepts remain the same. The one you are looking at is the 3rd edition. You should look to the LO comparison sheet @Nicole Seaman compiles...

@David Harper CFA FRM @Nicole Seaman - I don't know if this is the right place to say it but thank you so much for having provided such a digestible summary of De Laurentis book for P2 . It was driving me crazy. I don't know how you guys managed to get past page 10 and make it so understandable...

Yeah.. they do that a few days before the exam. The registration for May has opened so the app must have "rolled over". You could write them a mail (in my experience however, the traction you will have with them will be the same as sending a carrier pigeon with bird flu...)

I love that former FRM candidates are still taking the time to share or write helpful articles like that (cf. @QuantMan2318 article.) The Archegos Saga just has everything to it doesn't it? Procyclical margin methods , liquidity risk , business having undue influence on risk management ...

Apologies you are right. Thanks for the prompt response

Hi @David Harper CFA FRM , I'm seeing an issue with Malz reading on structured finance. When speaking of final cash flows it seems that he is using the Senior Redemption + Mezzanine interest to test of the senior tranche should be paid in full? Is this correct? For me it should be the 86M...

Hello - BGN just specifies that payments are made at the beginning of the period. To my knowledge you will not need this for the FRM (I'm not fully sure about part 2) Payments at the beginning of period occur in the case of leases or annuity due. If you reproduce the example in the spreadsheet...

Here's the article in question if you have reached your view limit on FT

Hello @Guannn - I do not know if this answers your question but current issues articles can be found here https://www.garp.org/#!/frm/readings/required

Hello @tornellFRM - GARP is (unnecessarily) ambiguous on IR. This is extensively discussed here. https://forum.bionicturtle.com/threads/information-ratio-definition.5554/post-33871 https://forum.bionicturtle.com/threads/which-one-is-the-formula-for-information-sortino-ratio.6960/

Hello - If I remember correctly we are speaking about the 95% VaR .In the case of a bernouilli you 2 outcomes. No default so no loss or default and LGD of $100. The 95% quantile in that case will fall at 0 (no default). So the VaR will be $0 If you combine both portfolios then you are looking...

Hi @David Harper CFA FRM, Hi All, - hope you are doing well. I'm having a hard time understanding these 2 statements from the Lessons from academia chapter of the FRM (apologies if this is a double but i did not find the answer on the forum) 1. The highlighted blue statement says that...

I passed @David Harper CFA FRM,@Nicole Seaman - thank you so much for your support (I think I could write a whole essay on how much you have helped...don't worry I won't) I join the others in everything they say but I think that this time we should particularly thank @Nicole Seaman who...

What an interesting piece. I perhaps would add my own comment from what is written above. 1. Value has become a dirty word --->I always think of financial markets as "public utilities" in the sense that they provide price forming and liquidity something that is essential for modern finance to...

I just read this article about Gamestop rally on FT (https://www.ft.com/content/ae1ecff4-9019-4a2a-97ea-55a3cd15c36a). While this is only an opinion piece, I really hope that the FRM adds this somewhere to it's curriculum.