Free GARP FRM Part II Lessons

All 28 GARP FRM Part II lessons are free to read, each with worked examples. Just a free account, no card.

Current Issues in Financial Markets

• AI in Capital Markets, Private Credit Drivers, and Geopolitical Risk (22 min)
• Government Debt, Crypto Regulation, Tokenization, and Digital Resilience (24 min)

Credit Risk Measurement and Management

• Credit Risk Fundamentals, Governance, and Economic Capital (21 min)
• Credit Scoring, Country Risk, Default Probabilities, and Credit VaR (25 min)
• Portfolio Credit Risk and the Vasicek Single-Factor Model (20 min)
• Structured Credit and Credit Derivatives (23 min)
• Counterparty Risk, Netting, Close-out, and Margin (19 min)
• Central Clearing, xVA, CCR Stress, and Securitization (23 min)

Risk Management and Investment Management

• Factor Theory, Factors, Alpha, and Portfolio Construction (22 min)
• Portfolio Risk, VaR Budgeting, and Performance Evaluation (22 min)
• Hedge Funds, Private Credit, and Private Markets (23 min)
• Due Diligence, Distress, Madoff, Stress Scenarios, and Liquidity (23 min)

Liquidity and Treasury Risk Measurement and Management

• Liquidity Risk Fundamentals, Metrics, and Early Warning Indicators (22 min)
• Investment Function, Reserves, Intraday Liquidity, Stress Testing, and Dealer-Bank Failure (24 min)
• Liquidity Reporting, Contingency Funding Plans, Non-Deposit Liabilities, and Repos (25 min)
• Funds Transfer Pricing, Cross-Currency Funding, and Asset-Liability Management (26 min)

Market Risk Measurement and Management

• Estimating Market Risk Measures (26 min)
• Backtesting VaR and VaR Mapping (21 min)
• Validating Bank VaR Models — Beyond Backtesting (20 min)
• Correlation Risk and Copulas (22 min)
• Term Structure Models (22 min)
• Volatility Smiles and the Fundamental Review of the Trading Book (22 min)

Operational Risk and Resilience

• Operational Risk Framework, Governance, and Identification (21 min)
• Risk Measurement, Mitigation, and Reporting (21 min)
• Integrated Risk Management, Cyber-Resilience, and Financial Crime (23 min)
• Third-Party Outsourcing Risk and Model Risk Management (21 min)
• Stress Testing, RAROC, and Capital Planning (22 min)
• Basel Regulations: Pre-Crisis Through Basel III Endgame (25 min)