FRM Part I & II Curriculum

FRM Part I Foundations of Risk Management 1. Risk Management: A Helicopter View 2. Corporate Risk Management: A Primer 3. Corporate Governance and Risk Management 4. What is ERM? 5. Risk Management, Governance, Culture, and Risk Taking in Banks 6. Financial Disasters 7. Deciphering the Liquidity and…

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Basel III: Finalising Post-Crisis Reforms

After completing this reading, the candidate should be able to: Explain the elements of the new standardized approach to measure operational risk capital, including the business indicator, internal loss multiplier, and loss component, and calculate the operational risk capital requirement…

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Sound Management of Risks Related to Money Laundering and Financing of Terrorism

After completing this reading, the candidate should be able to: Explain best practices recommended by the Basel Committee for the assessment, management, mitigation and monitoring of money laundering and financial terrorism (ML/FT) risks. Describe recommended practices for the acceptance, verification…

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High-Level Summary of Basel III Reforms

After completing this reading, the candidate should be able to: Explain the motivations for revising the Basel III framework and the goals and impacts of the December 2017 reforms to the Basel III framework. Summarize the December 2017 revisions to…

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Hedge Funds

The key focus areas of this chapter will be the features of hedge funds. The chapter will also do a comparison between mutual funds and hedge funds. Biases that are often prevalent in hedge funds’ databases will be studied. We…

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FRM Part 1 Study Notes

Foundations of Risk Management 1. Risk Management: A Helicopter View 2. Corporate Risk Management: A Primer 3. Corporate Governance and Risk Management 4. What is ERM? 5. Risk Management, Governance, Culture, and Risk Taking in Banks 6. Financial Disasters 7. Deciphering the Liquidity and…

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Foundations of Risk Management

1. Risk Management: A Helicopter View 2. Corporate Risk Management: A Primer 3. Corporate Governance and Risk Management 4. What is ERM? 5. Risk Management, Governance, Culture, and Risk Taking in Banks 6. Financial Disasters 7. Deciphering the Liquidity and…

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Quantitative Analysis

1. Probabilities 2. Basic Statistics 3. Distributions 4. Bayesian Analysis 5. Hypothesis Testing and Confidence Intervals 6. Linear Regression with One Regressor 7. Regression with a Single Regressor 8. Linear Regressions with Multiple Regressors 9. Hypothesis Tests and Confidence Interval…

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Valuation and Risk Management

1. Quantifying Volatility in VaR Models 2. Putting VaR to Work 3. Measures of Financial Risk 4. Binomial Trees 5. The Black-Scholes-Merton Model 6. The Greek Letters 7. Prices, Discount Factors, and Arbitrage 8. Spot, Forward, and Par Rates 9….

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Financial Markets and Products

1. Banks 2. Insurance Companies and Pension Plans 3. Mutual Funds and Hedge Funds 4. Introduction 5. Mechanics of Futures Markets 6. Hedging Strategies using Futures 7. Interest Rates 8. Determination of Forward and Future Prices 9. Interest Rate Futures…

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