For 2019, 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 only exceptions are the following four learning objectives that have…

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…

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….

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…

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…

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…