FRM Part II (FRM2)

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

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

CVA

The Evolution of Stress Testing Counterparty Exposures

Structured Credit Risk

An Introduction to Securitization

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: Finalizing 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

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