Search results

Not sure if this is the correct list. But I found my name there )) https://www.garp.org/#!/frm/our-passed-frms/frm2/2018-5-20

Was it the same questions where one of the options was that it doesn't reflect any risky activity the bank might take?

I think correct answer was the one about assets manager asking the arranger to maintain interest in certain portion of portfolio.

-Fama-French (positive correlation with SMB, small caps underperform large caps in the long term?) - This took quite a lot of my time. In the end I chose the one regarding Small caps outperforming large caps, and Value stocks outperforming Growth. -Effect strong US dollar (balance sheet...

I think the answer related to LTCM was the closest to correct one. Other ones were straightforward, I think.

I rechecked again with the notes after the exam, it specifically mentions the shock magnification issue. I could, still, be wrong though.

I think the answer for question on USD becoming a mean to measure volatility was that banks can magnify shocks. Next close answer was the one related to activities of intermediary banks, however, there I think they excluded European banks part.

In general, exam wasn't very much different from what I was expecting. However, as users also noted, exam seemed to be biased towards having more hazard rate/credit spread questions (I was quite happy though). Not much space was given for Basel.