Understanding Wealth
Understanding Wealth Wealth represents the total value of an individual’s owned assets minus their liabilities, indicating overall financial health. Unlike income, which measures periodic earnings, wealth is a stock measure, reflecting accumulated holdings over time. Wealth does not include human…
Interest Rate Risk Management by EME Banks
After completing this reading, you should be able to: Describe the mechanisms through which changes in market interest rates affect a bank’s economic value and the key methods banks use to manage interest rate risk. Compare the methods banks in…
Artificial Intelligence and the Economy: Implications for Central Banks
After completing this reading, you should be able to: Identify and describe the risks arising from the widespread use of AI applications in the financial sector. Describe how central banks can harness AI to fulfill their policy objectives. Explain the…
Generative Artificial Intelligence in Finance: Risk Considerations
After completing this reading, you should be able to: Compare generative AI and traditional AI/ML algorithms. Explain the challenges generative AI systems pose for the financial sector, including those related to data privacy, embedded bias, model robustness, and explainability. Examine…
2023 Bank Failures, Preliminary lessons learnt for resolution
After completing this reading, you should be able to: Evaluate the Credit Suisse case and its implications for the international resolution framework. Evaluate the US bank failures of 2023 and their implications for the international resolution framework. Identify and describe…
Standard I (E) Competence
Brief Introduction on the Standards Guidance Standard I(E) mandates that members and candidates must act with and maintain appropriate knowledge, skills, and diligence while performing their professional responsibilities. This is essential to deliver a high standard of service to clients…
Study Notes for CFA® Level III 2025 – Performance Measurement – offered by AnalystPrep
Learning Module 1 Portfolio Performance Evaluation Los 1(a): Explain the following components of portfolio evaluation and their interrelationships: performance measurement, performance attribution, and performance appraisal Los 1(b): Describe attributes of an effective attribution process Los 1(c): Contrast return attribution and…
Study Notes for CFA® Level III 2025 – Ethical and Professional Standards – offered by AnalystPrep
Learning Module 1: Code of Ethics and Standards of Professional Conduct Los 1(a): Describe the structure of the CFA Institute Professional Conduct Program and the disciplinary review process for the enforcement of the CFA Institute Code of Ethics and Standards…
Study Notes for CFA® Level III 2025 – Asset Allocation – offered by AnalystPrep
Learning Module 1: Capital Market Expectations, Part 1: Framework and Macro Considerations Los 1(a): Discuss the role of, and a framework for, capital market expectations in the portfolio management process Los 1(b): Discuss challenges in developing capital market forecasts Los…
Study Notes for CFA® Level III 2025 – Derivatives and Risk Management – offered by AnalystPrep
Learning Module 1: Options Strategies Los 1(a): Demonstrate how an asset’s returns may be replicated by using options Los 1(b): Discuss the investment objective(s), structure, payoff, risk(s), value at expiration, profit, maximum profit, maximum loss, and breakeven underlying price at…
