Frm exam Study guides, Class notes & Summaries

Shortcomings of risk metrics -May not scale over time -Historical data may be meaningless -Not designed to account for catastrophes -VaR says nothing about losses in excess of VaR -May not handle sudden illiquidity Importance of communication for risk managers Need to assess risk and tell management so they can determine which risks to take on Ways firms can fail to account for risks -Firm may ignore known risk -Somebody in firm may know about risk, but it's not captured b...

FRM Exam 1 Complete Questions And Solutions

FRM Exam 1

FRM Exam 1

Advantages of formation Concentration of force, mutual support, improved command and control What is not an NFO responsibility during a FRM flight pilot stuff, concentration on smooth reference for wingman to follow Where is the official callsign of the flight found and who will you use it for Flight schedule and used for outside agancies Hand signals practice yep Lead SNFO and wing SNFO responsibilities Lead= safe and orderly conduct of maneuvers Wing= maintain...

Frm exam 3 Questions And Correct Solutions

banks for profit, more services, higher fees, lower interest rates credit unions non profit, higher interest rates, lower fees, shareholders (membership) sunk cost already lost it resource theory people try to meet their needs in the context of social interaction 6 types of resource theory love, status, information, money, good, and services fixed expense set cost; same amount aka rent variable expense change; gas, groceries types of saving...

FRM Exam 2 Questions And Complete Solutions

FRM exam 1 Questions And Complete Solutions

FRM Exam Questions And Answers |100% Correct