New Practice Questions
Banking and Regulation
- P1.T4.810. Spectral risk measures, especially Expected Shortfall (ES) (Dowd Ch.2) https://trtl.bz/2yI9RFq
- P2.T7.803. Standardized Measurement Approach (SMA) to Operational Risk https://trtl.bz/2MrpDGw
- Forecast volatility with GARCH(1,1) (FRM T2-24) https://trtl.bz/2K6mKhL
- Theory of normal backwardation (FRM T3-17) https://trtl.bz/2yXs0za
- Part 1 results shared https://trtl.bz/2KDbh5A
- Part 2 results shared https://trtl.bz/2IJePBD
- Is the FRM equivalent to a Bachelors or Masters? https://trtl.bz/2KzZeG2
- Part 2 difficulty compared to Part 1 https://trtl.bz/2KCrNmk
- No, there are no sectional cutoffs which can lead to counter-intuitive outcomes https://trtl.bz/2KD7OE9
- Many study group requests: Part 1 https://trtl.bz/2KEfPbZ or Part 2 https://trtl.bz/2KEJZeU
- @kevolution shares a personal study workplan for Part 2 https://trtl.bz/2KD6LY2
- [GARP] PPT from the webinar https://trtl.bz/2KmPSBv
- [P1.T1] Common question: which is the correct information ratio? https://trtl.bz/2KojsXt
- [P1.T1] How does lowering its cost of capital benefit a firm? https://trtl.bz/2KzG3PY
- [P1.T2] Does EWMA make a volatility forecast? https://trtl.bz/2KeRysO
- [P1.T4] Which exotic options are long volatility? https://trtl.bz/2KkrY92
- [P1.T4] In a compound option, the first strike price is effectively an optional, deferred premium https://trtl.bz/2Kk6RDI
- [P2.T5*] Term structure of volatility derivation in Tuckman https://trtl.bz/2Klrxfg
Banking and Regulation
- Wells Fargo Sailed Through Its Stress Test. Goldman Sachs and Morgan Stanley, Not So Much. https://www.nytimes.com/2018/06/29/business/dealbook/fed-stress-tests.html
- Fed Test Slaps Wall Street Titans, Unleashes Record Payout https://trtl.bz/2KxqOaj
- Banks Failing Stress Tests? (Not for Much Longer The Fed is expected to eliminate pass/fail grades as soon as 2019) https://www.wsj.com/articles/banks-failing-stress-tests-not-for-much-longer-1530005400
- Bank Liquidity Provision and Basel Liquidity Regulations https://www.newyorkfed.org/research/staff_reports/sr852
- Why Goldman Sachs Is Lending to the Middle Class https://trtl.bz/2KGm4Ps
- [BIS] Net Stable Funding Ratio (NSFR) - Executive Summary https://www.bis.org/fsi/fsisummaries/nsfr.htm
- What Would Happen if China Started Selling Off Its Treasury Portfolio? (CFR) https://trtl.bz/2K77Urk
- Risk? It's probably that thing you're ignoring (Gillian Tett, ft.com) https://trtl.bz/2IJc5E5
- How to get away with financial fraud https://www.theguardian.com/news/2018/jun/28/how-to-get-away-with-financial-fraud from Lying for Money: How Legendary Frauds Reveal the Workings of Our World https://amzn.to/2NbM43T
- High Yield Bonds: A Fresh Look at BB Rated Credit https://blog.pimco.com/en/2018/06/high-yield-bonds-a-fresh-look-at-bb-rated-credit
- U.S. Stocks Fall as Trade-War Fears Rattle Markets https://trtl.bz/2KneQjg
- Upstarts Crash Wall Street’s $7 Billion Capital-Markets Party https://trtl.bz/2KliBFP
- What’s the Yield Curve? (‘A Powerful Signal of Recessions’ Has Wall Street’s Attention) https://trtl.bz/2KjPcsA
- What Risks Are Worth Taking https://retirementresearcher.com/what-risks-are-worth-taking/
- My Evolution on Asset Allocation (Ben Carlson) http://awealthofcommonsense.com/2018/06/my-evolution-on-asset-allocation-2/
- Australians Can’t Get Enough of the Barefoot Investor https://trtl.bz/2IIwV6G
- FICO Score 9: What You Need to Know https://www.nerdwallet.com/blog/finance/fico-score-9/
- No Savings? No Problem. These Companies Are Helping Home Buyers With Down Payments https://trtl.bz/2KAenuk
- 11 Jedi Mind Tricks To Change The Way You Think About Money https://trtl.bz/2KA3CYW
- The Biggest Digital Heist in History Isn’t Over Yet https://trtl.bz/2IqS84Q
- Introducing a16z crypto https://a16zcrypto.com/2018/06/introducing-a16z-crypto/ "many other software components [in addition to digital money] can be constructed using the building blocks of trust. Smart contract platforms like Ethereum enable the creation of, among other things, application-specific currencies, digital property rights, open financial instruments, and software-based organizations."
- Ways to think about machine learning https://www.ben-evans.com/benedictevans/2018/06/22/ways-to-think-about-machine-learning-8nefy
- Everything You Need To Know About What Amazon Is Doing In Financial Services https://www.cbinsights.com/research/report/amazon-across-financial-services-fintech/
- Intelligent Risk (PRMIA). The theme is risk technology https://trtl.bz/2z1pnMN
- General Electric’s Long Unwinding https://www.wsj.com/articles/general-electrics-long-unwinding-1529862757
- The Directors’ E&S Guidebook https://corpgov.law.harvard.edu/2018/07/01/the-directors-es-guidebook/
- Bias detectives: the researchers striving to make algorithms fair https://trtl.bz/2KqUCWT
- Analysis: Data Shows Rising Seas Threaten over 300,000 Homes https://trtl.bz/2IKQxH9
- The Dunning-Kruger Effect: we are all confident idiots https://kottke.org/18/06/the-dunning-kruger-effect-we-are-all-confident-idiots
- Time Split to the Nanosecond Is Precisely What Wall Street Wants https://www.nytimes.com/2018/06/29/technology/computer-networks-speed-nasdaq.html
- Is the World Really as Dangerous as We Think? https://news.gallup.com/opinion/gallup/235946/world-really-dangerous-think.aspx
- We suck, sometimes (The highs and lows of Lemonade’s first half of 2018) https://www.lemonade.com/blog/lemonade-transparency-review/
- Proof Negative https://rpseawright.wordpress.com/2018/06/23/proof-negative-2/
- How to Improve Fluid Intelligence in The Age of Crystallised Knowledge https://trtl.bz/2KAOn22
