The FRM Exam Part I covers the core risk management tools and concepts and includes four broad subject areas: • Foundations of Risk Management • Quantitative Analysis • Financial Markets and Products • Valuation and Risk Models The FRM Exam is practice-oriented, and its questions are derived from a combination of theory, as set forth ... click here for more details.

This 4-book series contains the readings from the 2013 FRM Part 2 Study Guide.

Why is it difficult to measure and manage interest rate risk? What tools can be used to hedge this type of risk? And how can a risk manager use principal components analysis to estimate changes in interest rates? Dr. Quinn Sloan analyzes the pros and cons of different interest rate ... click here for more details.

Professor Robert J. Shiller, GARP’s Risk Manager of the Year for 2006, recently spoke with GRR editorin- chief Robert Sales about the growth of finance, the importance of behavioral finance research and the need to extend effective risk management practices to different markets.

Is there a simple, efficient way to calculate the specific risk surcharge for defaultable trading-book positions? Riccardo Rebonato, Jan Kwiatkowski and Lorenzo Liesch offer an easy-to-implement, analytic method to estimate specific risk and an "implied" method to calibrate it. Their method is conceptually similar to the Basel II ... click here for more details.

Is there a simple, efficient way to calculate the specific risk surcharge for defaultable trading-book positions? Riccardo Rebonato, Jan Kwiatkowski and Lorenzo Liesch offer an easy-to-implement, analytic method to estimate specific risk and an "implied" method to calibrate it. Their method is conceptually similar to the Basel II ... click here for more details.

Is there a simple, efficient way to calculate the specific risk surcharge for defaultable trading-book positions? Riccardo Rebonato, Jan Kwiatkowski and Lorenzo Liesch offer an easy-to-implement, analytic method to estimate specific risk and an "implied" method to calibrate it. Their method is conceptually similar to the Basel II ... click here for more details.

This paper explores a novel algorithm for the pricing of derivative securities. There are now hundreds of different types of derivative securities, each with their own peculiar characteristics. Yet, no single approach works for every type of contract and, indeed, the literature in finance is replete with a vast number ... click here for more details.

This paper explores a novel algorithm for the pricing of derivative securities. There are now hundreds of different types of derivative securities, each with their own peculiar characteristics. Yet, no single approach works for every type of contract and, indeed, the literature in finance is replete with a vast number ... click here for more details.

Financial institutions can use credit scoring to assess the underlying credit risk of new credit applicants and to predict the future credit risk of existing customers. Dr.Tjaart van der Walt outlines the different elements of credit scoring, explains the risk management benefits of this approach and explores how it can be ... click here for more details.