Paper 1: FRM Part II Exam
- Estimating Market Risk Measures: An Introduction and Overview
- Non-parametric Approaches
- Parametric Approaches (II): Extreme Value
- Backtesting VaR
- VaR Mapping
- Validating Bank Holding Companies' Value-at-Risk Models for Market Risk
- Beyond Exceedance-Based Backtesting of Value-at-Risk Models
- Correlation Basics: Definitions, Applications, and Terminology
- Empirical Properties of Correlation: How Do Correlations Behave in the Real World?
- Financial Correlation Modeling - Bottom-Up Approaches
- Regression Hedging and Principal Component Analysis
- Arbitrage Pricing with Term Structure Models
- Expectations, Risk Premium, Convexity and the Shape of the Term Structure
- The Art of Term Structure Models: Drift
- The Art of Term Structure Models: Volatility and Distribution
- The Vasicek and Gauss+ Models
- Volatility Smiles and Volatility Surfaces
- Fundamental Review of the Trading Book
- Fundamentals of Credit Risk
- Governance
- Credit Risk Management
- Capital Structure in Banks
- Introduction to Credit Risk Modeling and Assessment
- Credit Scoring and Rating
- Credit Scoring and Retail Credit Risk Management
- Country Risk: Determinants, Measures, and Implications
- Estimating Default Probabilities
- Credit Value at Risk
- Portfolio Credit Risk
- Structured Credit Risk
- Credit Risk
- Credit Derivatives
- Derivatives
- Counterparty Risk and Beyond
- Netting, Close-out and Related Aspects
- Margin (Collateral) and Settlement
- Central Clearing
- Future Value and Exposure
- Credit Value Adjustment
- The Evolution of Stress Testing Counterparty Exposures
- An Introduction to Securitisation
- Introduction to Operational Risk and Resilience
- Risk Governance
- Risk Identification
- Risk Measurement and Assessment
- Risk Mitigation
- Risk Reporting
- Integrated Risk Management
- Cyber-resilience: Range of Practices
- Case Study: Cyberthreats and Information Security Risks
- Sound Management of Risks Related to Money Laundering and Financing of Terrorism
- Case Study: Financial Crime and Fraud
- Guidance on Managing Outsourcing Risk
- Case Study: Third-party Risk Management
- Case Study: Investor Protection and Compliance Risks in Investment Activities
- Supervisory Guidance on Model Risk Management
- Case Study: Model Risk and Model Validation
- Stress Testing Banks
- Risk Capital Attribution and Risk-Adjusted Performance Measurement
- Range of Practices and Issues in Economic Capital Frameworks
- Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice
- Capital Regulation Before the Global Financial Crisis
- Solvency, Liquidity and Other Regulation After the Global Financial Crisis
- High-level Summary of Basel III Reforms
- Basel III: Finalising Post-crisis Reforms
- Liquidity Risk
- Liquidity and Leverage
- Early Warning Indicators
- The Investment Function in Financial Services Management
- Liquidity and Reserves Management: Strategies and Policies
- Intraday Liquidity Risk Management
- Monitoring Liquidity
- The Failure Mechanics of Dealer Banks
- Liquidity Stress Testing
- Liquidity Risk Reporting and Stress Testing
- Contingency Funding Planning
- Managing Nondeposit Liabilities
- Repurchase Agreements and Financing
- Liquidity Transfer Pricing: A Guide to Better Practice
- The US Dollar Shortage in Global Banking and the International Policy Response
- Covered Interest Parity Lost: Understanding the Cross-Currency Basis
- Risk Management for Changing Interest Rates: Asset-Liability Management and Duration Techniques
- Factor Theory
- Factors
- Alpha (and the Low-Risk Anomaly)
- Portfolio Construction
- Portfolio Risk: Analytical Methods
- VaR and Risk Budgeting in Investment Management
- Portfolio Performance Evaluation
- Hedge Fund Investment Strategies
- Risk, Regulation and Organizational Structure
- The Rise and Risks of Private Credit
- Private Markets Investing
- Performing Due Diligence on Specific Managers and Funds
- Distress Symptoms and Remedies
- Madoff: A Riot of Red Flags
- Market-Driven Scenarios: An Approach for Plausible Scenario Construction
- Liquidity Risk Management
- Illiquid Assets
- Advances in Artificial Intelligence: Implications for Capital Markets Activities
- The Financial Stability Implications of Artificial Intelligence
- The Global Drivers of Private Credit
- Global Financial Stability Report, April 2025, Chapter 2 (Geopolitical Risk)
- Monetary and Fiscal Policy: Safeguarding Stability and Trust
- Regulating the Crypto Ecosystem: The Case of Unbacked Crypto Assets
- Tokenization and Financial Market Inefficiencies
- Digital Resilience and Financial Stability: The Quest for Policy Tools in the Financial Sector