FRM Part 2 Flashcards
1,000 FRM Part 2 flashcards, written to the same audited standard as KomFi's question banks: precise, decontextualized answers you can memorize verbatim — formulas rendered in real math notation, concepts deduplicated so every card earns its slot. Study them with progress tracking, got-it filtering, and cross-device resume.
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Sample card prompts
- In the context of machine learning, 'Concept Drift' refers to a change in the _____.
- Condition under which VaR violates the subadditivity axiom
- Definition of Margin Period of Risk (MPoR)
- Formula for the Information Ratio (IR) of a benchmarked portfolio
- Under IFRS 9, what specific event triggers the 'Stage 2 cliff' where provisions move from 12-month to lifetime expected credit loss?
- For a single Bernoulli default event, what is the formula for Unexpected Loss (UL)?
- In the Merton structural model, equity holders are interpreted as being long a _____ on the firm's assets.
- How do ratings behave in a Through-the-Cycle (TTC) system compared to a Point-in-Time (PIT) system during an economic boom?
- Formula: Discrete Credit Valuation Adjustment (CVA)
- Which tier of Basel III capital includes perpetual instruments with discretionary, non-cumulative coupons and a 5.125% CET1 trigger?
- What is the Basel III 'Output Floor' percentage for RWA?
- Term: Tracking Error
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