The Financial Risk Manager program (FRM) is an exam certification that is offered to individuals interested in working in the financial risk management department of firms. It is an internationally recognized certification that is administered by the Global Association of…

Here are the major changes for FRM part 1 for 2020: Book 1 – Foundations of Risk Management Chapter 1: The Building Blocks of Risk Management (Previously: Risk Management: A Helicopter View) ADDED: Explain how risk factors can interact with each other and…

A “financial model” can be a lot of things. The phrase is usually used to describe a representation of a real financial situation. Financial models typically use a set of assumptions and inputs to generate an output or set of…

I sat and passed FRM Part 1 in May 2018, in Frankfurt. Easy as that sounds, make no mistake – it was a tough ride! Even with an MSc. In Business Administration and specialty in corporate finance, I still knew I…

FRM Part 1 Changes in 2019 For FRM part 1, there has been no addition or deletion of any chapters. In fact, some chapters have been re-written but for the most part, all learning objectives have stayed the same. The…

Introduction A Financial Risk Manager (FRM) that desires to be recognized by the Global Association of Risk Professionals (GARP) is required to pass an exam that grants hopefuls the right of passage into fulfilling careers within the world of finance….

Central counterparties, also known as CCPs, protect market participants from counterparty /credit/default risk and settlement risk by guaranteeing the trade between a buyer and a seller. By doing so it helps avert the cascading impact a counterparty default could have…

OMOs or Open Market Operations are a commonly used tool by Central Banks to administer the monetary policy. Central Banks try and control the price and quantity of money in the economy through the implementation of the monetary policy, price of money being interest…