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Articles and free lessons, newest first.
August 3, 2010 · Risk Management · Chapter
Overview of Basel II Accord
August 2, 2010 · Risk Management · Chapter
Why Basel I (1988 Accord) Needed to be Replaced?
August 1, 2010 · Risk Management · Chapter
Basel Accord – 1996 Market Risk Amendment
July 31, 2010
Emerging Markets: Looking for Opportunities
This post discusses the advantages of investing in emerging markets against developed markets.
July 31, 2010 · Risk Management · Chapter
The 1988 Basel Accord (Basel I)
July 26, 2010 · Risk Management · Chapter
Introduction to Basel Capital Accord
July 24, 2010 · Risk Management
eBook - Risk Management Essentials
July 21, 2010
CFA Careers: Options for CFA Charterholders
According to CFA Institute, the CFA charter provides you with a strong foundation for a variety of career choices in the investment profession. It opens up opportunities in various areas such as portfolio management, investment research, advisory services, and investment banking careers.
July 19, 2010 · Risk Management · Chapter
Calculating VaR using Monte Carlo Simulation
Computing VaR with Monte Carlo Simulations very similar to Historical Simulations. The main difference lies in the first step of the algorithm – instead of using the historical data for the price (or returns) of the asset and assuming that this return (or price) can re-occur in the next time interval, we generate a random number that will be used to estimate the return (or price) of the asset at the end of the analysis horizon.
July 19, 2010
CFA Calculator: Financial Calculator for CFA Exam
In order to work with quantitative sections of the study material, it is important that you be able to work with a financial calculator. The exam questions are construction with the assumption that the candidates have the ability to work with a financial calculator. CFA Institute allows two types of calculators in the exam.
July 19, 2010 · Risk Management · Chapter
Monte Carlo Simulation - Example
In the previous post, we learned the algorithm to compute VaR using Monte Carlo Simulation. Let us compute VaR for one share to illustrate the algorithm. We apply the algorithm to compute the monthly VaR for one stock. We will only consider the share price and thus work with the assumption we have only one share in our portfolio. Therefore the value of the portfolio corresponds to the value of one share.
July 15, 2010
The Energy Risk Professional Exam from GARP
Recently, the Global Association of Risk Professionals (GARP) started a new certification program for energy risk professionals. This article provides an overview of the ERP certification, its benefits and the uniqueness of the program. An energy risk professional is someone who deals with the diverse range of energy commodities and is responsible (directly or indirectly) for managing the risks inherent in dealing with these commodities.
July 11, 2010 · Risk Management · Chapter
Calculating VaR Using Historical Simulation
The fundamental assumption of the Historical Simulations methodology is that you base your results on the past performance of your portfolio and make the assumption that the past is a good indicator of the near-future. The below algorithm illustrates the straightforwardness of this methodology. It is called Full Valuation because we will re-price the asset or the portfolio after every run. This differs from a Local Valuation method in which we only use the information about the initial price and the exposure at the origin to deduce VaR.
July 10, 2010 · Risk Management · Chapter
Analytical Approach to Calculating VaR (Variance-Covariance Method)
July 10, 2010 · Risk Management · Chapter
Value at Risk (VaR)
July 6, 2010
What You Must Study – Ethical and Professional Standards
July 3, 2010
Benefits of Taking the FRM Exam
July 2, 2010
How to Pass the CFA Exam - Part 1
July 2, 2010
Study Session 1 - Ethical and Professional Standards
July 1, 2010 · Investment Management
Tastes and Preferences of Investors
June 30, 2010 · Risk Management
Barings Bank - Case Study and Video