Starting from 20 10, the FRM exam is divided into two levels: the first part and the second part. Candidates can take the first part and the second part of the exam at the same time, but only after passing the first part of the exam can the second part be graded, and only after passing the two levels and meeting other requirements can they obtain a certificate.
The first part of the exam is four hours, all standardized questions, 100 multiple-choice questions; The second part takes four hours, all standardized questions and 80 multiple-choice questions.
Examination content:
1. Quantitative analysis Quantitative analysis 10%
2. Market risk measurement and management 30%
3. Credit risk measurement and management 25%
4. Operation and comprehensive risk management, legal operation and system risk management, and legal 25%
5. Risk management and investment management Portfolio risk management10% (new subject since 2005)
The last FRM exam in 2009 covered all the following topics: risk management basics, quantitative analysis, financial markets and financial products, risk modeling, market risk management and measurement, credit risk management and measurement, operational and comprehensive risk management, investment risk management and frontier topics of financial markets.
From 20 10, the content of the grading examination is:
The first part (* *100 questions)
1. Risk management basis (20%)
2. Quantitative analysis Quantitative analysis (20%)
3. Financial markets and products Financial markets and products (30%)
4. Valuation and risk modeling. Valuation and risk model (30%)
The second part (***80 questions)
1, market risk measurement and management Market risk management and measurement (about 20%)
2. Credit risk measurement and management Credit risk management and measurement (about 20%)
3. Operation and integrated risk management Operation and integrated risk management (about 20%)
4. Liquidity and capital risk measurement and management Liquidity risk management (about 15%).
5. Risk management and investment management Investment risk management (about 15%)
6. Current problems in the financial market (about 10%)
Reference to the above content: Baidu Encyclopedia -FRM