FRM Part 1 Study Notes
FRM Part I Foundations of Risk Management 1. The Building Blocks of Risk Management 2. How Do Firms Manage Financial Risk? 3. The Governance of Risk Management 4. Credit Risk Transfer Mechanisms 5. Modern Portfolio Theory (MPT) and the Capital Asset…
Financial Markets and Products
1. Banks 2. Insurance Companies and Pension Plans 3. Fund Management 4. Introduction to Derivatives 5. Exchanges and OTC Markets 6. Central Clearing 7. Futures Markets 8. Using Futures for Hedging 9. Foreign Exchange Markets 10. Pricing Financial Forwards and Futures 11. Commodity Forwards and Futures 12. Options Markets 13. Properties of Options…
Regulation of OTC Derivatives Market
After completing this reading, you should be able to: Summarize the clearing process in OTC derivative markets. Describe changes to the regulation of OTC derivatives that took place after the 2007-2009 financial crisis and explain the impact of these changes….
Risk Management and Investment Management
1. Factor Theory 2. Factors 3. Alpha (and the Low-Risk Anomaly) 4. Portfolio Construction 5. Portfolio Risk: Analytical Methods 6. VaR and Risk Budgeting in Investment Management 7. Risk Monitoring and Performance Measurement (Available for AnalystPrep Premium Users; Click Here) 8. Portfolio Performance Evaluation (Available for AnalystPrep Premium Users; Click Here) 9. Hedge…
Quantitative Analysis
1. Fundamentals of Probability 2. Random Variables 3. Common Univariate Random Variables 4. Multivariate Random Variables 5. Sample Moments 6. Hypothesis Testing 7. Linear Regression 8. Regression with Multiple Explanatory Variables 9. Regression Diagnostics 10. Stationary Time Series (Available for AnalystPrep Premium Users; Click Here) 11. Nonstationary Time Series (Available for AnalystPrep Premium Users; Click…
Valuation and Risk Management
1. Measures of Financial Risk 2. Calculating and Applying VaR 3. Measuring and Monitoring Volatility 4. External and Internal Ratings 5. Country Risk 6. Measuring Credit Risk 7. Operational Risk 8. Stress-Testing 9. Pricing Conventions, Discounting, and Arbitrage 10. Interest Rates 11. Bond Yields and Return Calculations 12. Applying Duration, Convexity, and…
FRM Part 2 Study Notes
Market Risk Measurement and Management 1. Estimating Market Risk Measures 2. Non-Parametric Approaches 3. Backtesting VaR 4. VaR Mapping 5. Messages from the Academic Literature on Risk Management for the Trading Book 6. Some Correlation Basics: Properties, Motivation, Terminology 7. Empirical Properties of Correlation: How Do Correlations…
Foundations of Risk Management
1. The Building Blocks of Risk Management 2. How Do Firms Manage Financial Risk? 3. The Governance of Risk Management 4. Credit Risk Transfer Mechanisms 5. Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM) 6. The Arbitrage Pricing Theory and Multifactor Models of…
Credit Risk Measurement and Management
1. The Credit Decision 2. The Credit Analyst 3. Capital Structure in Banks 4. Rating Assignment Methodologies 5. Credit Risks and Credit Derivatives 6. Spread Risk and Default Intensity Models 7. Portfolio Credit Risk 8. Structured Credit Risk 9. Counterparty Credit Risk 10. Netting, Compression, Resets, and Termination Features 11. Collateral…
Market Risk Measurement and Management
1. Estimating Market Risk Measures 2. Non-Parametric Approaches 3. Parametric Approaches (II): Extreme Value 4. Backtesting VaR 5. VaR Mapping 6. Messages from the Academic Literature on Risk Management for the Trading Book 7. Some Correlation Basics: Properties, Motivation, Terminology 8. Empirical Properties of Correlation: How Do Correlations…
