FRM Part II formula sheets and revision notes
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FRM Exam Part II
- Estimating Market Risk Measures: An Introduction and OverviewFormula sheet
- Non-parametric ApproachesFormula sheet
- Parametric Approaches (II): Extreme ValueFormula sheet
- Backtesting VaRFormula sheet
- VaR MappingFormula sheet
- Validating Bank Holding Companies' Value-at-Risk Models for Market RiskFormula sheet
- Beyond Exceedance-Based Backtesting of Value-at-Risk ModelsFormula sheet
- Correlation Basics: Definitions, Applications, and TerminologyFormula sheet
- Empirical Properties of Correlation: How Do Correlations Behave in the Real World?Formula sheet
- Financial Correlation Modeling - Bottom-Up ApproachesFormula sheet
- Regression Hedging and Principal Component AnalysisFormula sheet
- Arbitrage Pricing with Term Structure ModelsFormula sheet
- Expectations, Risk Premium, Convexity and the Shape of the Term StructureFormula sheet
- The Art of Term Structure Models: DriftFormula sheet
- The Art of Term Structure Models: Volatility and DistributionFormula sheet
- The Vasicek and Gauss+ ModelsFormula sheet
- Volatility Smiles and Volatility SurfacesFormula sheet
- Fundamental Review of the Trading BookFormula sheet
- Fundamentals of Credit RiskFormula sheet
- GovernanceFormula sheet
- Credit Risk ManagementFormula sheet
- Capital Structure in BanksFormula sheet
- Introduction to Credit Risk Modeling and AssessmentFormula sheet
- Credit Scoring and RatingFormula sheet
- Credit Scoring and Retail Credit Risk ManagementFormula sheet
- Country Risk: Determinants, Measures, and ImplicationsFormula sheet
- Estimating Default ProbabilitiesFormula sheet
- Credit Value at RiskFormula sheet
- Portfolio Credit RiskFormula sheet
- Structured Credit RiskFormula sheet
- Credit RiskFormula sheet
- Credit DerivativesFormula sheet
- DerivativesFormula sheet
- Counterparty Risk and BeyondFormula sheet
- Netting, Close-out and Related AspectsFormula sheet
- Margin (Collateral) and SettlementFormula sheet
- Central ClearingFormula sheet
- Future Value and ExposureFormula sheet
- Credit Value AdjustmentFormula sheet
- The Evolution of Stress Testing Counterparty ExposuresFormula sheet
- An Introduction to SecuritisationFormula sheet
- Introduction to Operational Risk and ResilienceFormula sheet
- Risk GovernanceFormula sheet
- Risk IdentificationFormula sheet
- Risk Measurement and AssessmentFormula sheet
- Risk MitigationFormula sheet
- Risk ReportingFormula sheet
- Integrated Risk ManagementFormula sheet
- Cyber-resilience: Range of PracticesFormula sheet
- Case Study: Cyberthreats and Information Security RisksFormula sheet
- Sound Management of Risks Related to Money Laundering and Financing of TerrorismFormula sheet
- Case Study: Financial Crime and FraudFormula sheet
- Guidance on Managing Outsourcing RiskFormula sheet
- Case Study: Third-party Risk ManagementFormula sheet
- Case Study: Investor Protection and Compliance Risks in Investment ActivitiesFormula sheet
- Supervisory Guidance on Model Risk ManagementFormula sheet
- Case Study: Model Risk and Model ValidationFormula sheet
- Stress Testing BanksFormula sheet
- Risk Capital Attribution and Risk-Adjusted Performance MeasurementFormula sheet
- Range of Practices and Issues in Economic Capital FrameworksFormula sheet
- Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current PracticeFormula sheet
- Capital Regulation Before the Global Financial CrisisFormula sheet
- Solvency, Liquidity and Other Regulation After the Global Financial CrisisFormula sheet
- High-level Summary of Basel III ReformsFormula sheet
- Basel III: Finalising Post-crisis ReformsFormula sheet
- Liquidity RiskFormula sheet
- Liquidity and LeverageFormula sheet
- Early Warning IndicatorsFormula sheet
- The Investment Function in Financial Services ManagementFormula sheet
- Liquidity and Reserves Management: Strategies and PoliciesFormula sheet
- Intraday Liquidity Risk ManagementFormula sheet
- Monitoring LiquidityFormula sheet
- The Failure Mechanics of Dealer BanksFormula sheet
- Liquidity Stress TestingFormula sheet
- Liquidity Risk Reporting and Stress TestingFormula sheet
- Contingency Funding PlanningFormula sheet
- Managing Nondeposit LiabilitiesFormula sheet
- Repurchase Agreements and FinancingFormula sheet
- Liquidity Transfer Pricing: A Guide to Better PracticeFormula sheet
- The US Dollar Shortage in Global Banking and the International Policy ResponseFormula sheet
- Covered Interest Parity Lost: Understanding the Cross-Currency BasisFormula sheet
- Factor TheoryFormula sheet
- FactorsFormula sheet
- Alpha (and the Low-Risk Anomaly)Formula sheet
- Portfolio ConstructionFormula sheet
- Portfolio Risk: Analytical MethodsFormula sheet
- VaR and Risk Budgeting in Investment ManagementFormula sheet
- Portfolio Performance EvaluationFormula sheet
- Hedge Fund Investment StrategiesFormula sheet
- Risk, Regulation and Organizational StructureFormula sheet
- The Rise and Risks of Private CreditFormula sheet
- Private Markets InvestingFormula sheet
- Performing Due Diligence on Specific Managers and FundsFormula sheet
- Distress Symptoms and RemediesFormula sheet
- Madoff: A Riot of Red FlagsFormula sheet
- Market-Driven Scenarios: An Approach for Plausible Scenario ConstructionFormula sheet
- Liquidity Risk ManagementFormula sheet
- Illiquid AssetsFormula sheet
- Advances in Artificial Intelligence: Implications for Capital Markets ActivitiesFormula sheet
- The Financial Stability Implications of Artificial IntelligenceFormula sheet
- The Global Drivers of Private CreditFormula sheet
- Global Financial Stability Report, April 2025, Chapter 2 (Geopolitical Risk)Formula sheet
- Monetary and Fiscal Policy: Safeguarding Stability and TrustFormula sheet
- Regulating the Crypto Ecosystem: The Case of Unbacked Crypto AssetsFormula sheet
- Tokenization and Financial Market InefficienciesFormula sheet
- Digital Resilience and Financial Stability: The Quest for Policy Tools in the Financial SectorFormula sheet