2019-frm-part-1

FRM Part 1 Changes from 2018 to 2019

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 been added in Book 3 – Financial Markets and Products:

Book 3  – Financial markets and products

Chapter 2018 2019
1. Banks Evaluate the capital requirements for banks.
19. Foreign exchange risk Calculate and explain the effect of an appreciation/depreciation of a currency relative to a foreign currency.
Identify and describe the different types of foreign exchange trading activities.
Explain the purchasing power parity theorem and use this theorem to calculate the appreciation or depreciation of a foreign currency.

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