Conditional Independence

In this topic taken from FRM Part 1 curriculum, we explore the concept of “Conditional Independence” and how it differs from (unconditional) independence.
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Taylor Series Approximations (Solved Example)

In this solved example, we explore how Taylor Series approximations work and how they are applied to the world of finance. We do not do a rigorous and formal proof of Taylor Series expansions (approximations).
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Credit Risk: Regulatory and Economic Capital (Solved Example)

In this solved example taken from FRM Part 1 curriculum, we explore why equity capital as a buffer against credit losses and we estimate the capital required both from regulatory perspective (i.e. regulatory capital) and internal perspective (i.e. economic capital).
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VaR with Multiple Risk Factors

In this video from FRM Part 2 curriculum, we take a look at how VaR can be calculated for a position / portfolio that is exposed to multiple risk factors.
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What is Model Risk?

In this video from FRM Part 2 curriculum, we take a look at what is model risk and how model risk arises in the implementation of a model.
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Liquidity Adjusted VaR: Solved Example

In this video from FRM Part 2 curriculum, we employ a solved example to explain and calculate liquidity trading risk via cost of liquidation and liquidity adjusted VaR (LVaR).
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Futures Markets Order Types

In this video from FRM Part 1 curriculum, we explain various trading order types, distinguish between them and explore their impact.
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