重要通知，
GARP协会已经公布2009年FRM Examination Study Guide（2009年考纲）及重要通知。请见下文解读。
In response to the changes occurring in the global markets and in recognition of the growing complexities associated with the profession of financial risk management, GARP has revised its FRM certification program. By implementing the revised program this year, GARP’s FRM Committee and Board of Trustees have responded to market‐driven requirements and outwardly demonstrated the view that risk management is a dynamic discipline that must continuously encompass product innovation and evolve with changing market conditions. The events of the past 24 months have led to a rapidly growing and recognized need for skilled risk managers worldwide. To objectively ensure their skill sets are sufficient to meet both the challenges and opportunities of an increasingly global and interconnected financial environment, the FRM program’s syllabus was revised to more adequately measure a candidate’s understanding of the tools necessary to assess financial risks, and the candidate’s ability to apply those tools in a practice‐type setting. This FRM program change is designed to ensure that the FRM designation continues to evolve and represent the high standards for which it is recognized worldwide.
This year the FRM program will transition to a two‐level examination format by offering for the last time the full FRM exam, and for the first time, Level I of the new two‐level FRM exam program. Level I covers core areas of risk management such as quantitative analysis, financial markets and products, and essential risk modelling. Level II covers specific topics on the practical implementation and execution of approaches to measuring and managing market, credit, operational and firm‐wide risks, and also includes a new section covering current issues in financial markets.
Commencing in 2010, both Levels I and II will be offered to candidates every May and November. The FRM Committee will continue to publish annually the FRM Study Guide which will define the topics, readings, and test weights for both the Level I and II programs for that year.
In this transition year, the FRM includes two options for November 2009. Candidates can choose to take the last full FRM exam (candidates who successfully pass this exam and have proper work experience will be awarded the FRM designation) or the inaugural Level I exam (candidates who successfully pass this exam will be eligible to sit for the Level II exam in the future). The 2009 FRM Study Guide has been designed for the transition to a two‐level program and lists topics, readings, and test weights for the two‐level program.
2009, the last Full FRM exam
Candidates opting to take the last full FRM exam will be tested on all topics and readings listed in this Study Guide from both Levels I and II. The full 2009 FRM exam will be a 5‐hour (2 2.5‐hour sessions), 140 multiple choice question exam. From Levels I and II topics listed in this Study Guide, test weights and question allocation for the full 2009 FRM exam will be as follows:
|
Topics |
Weights |
Questions |
|
Foundations of Risk Management |
10% |
14 questions |
|
Quantitative Analysis |
10% |
14 questions |
|
Financial Markets and Products |
15% |
21 questions |
|
Valuation and Risk Models |
15% |
21 questions |
|
Market Risk Measurement and Management |
10% |
14 questions |
|
Credit Risk Measurement and Management |
10% |
14 questions |
|
Operational and Integrated Risk Management |
10% |
14 questions |
|
Risk Management and Investment Management |
10% |
14 questions |
|
Current Issues in Financial Markets |
10% |
14 questions |
2009年FRM 全科考试考纲与考试形式
最后一次的全科FRM考试，2009年Full FRM考试将会与往年相同，共进行5个小时（上下午各2.5小时），140个单项选择题。
|
主题 |
权重 |
考题数 |
|
风险管理基础 |
10% |
14 题 |
|
定量分析 |
10% |
14 题 |
|
全球金融市场与主要金融产品分析 |
15% |
21 题 |
|
价值评估与风险模型 |
15% |
21 题 |
|
市场风险计量与管理 |
10% |
14 题 |
|
信用风险计量与管理 |
10% |
14 题 |
|
操作风险管理与综合风险管理 |
10% |
14 题 |
|
投资风险管理 |
10% |
14 题 |
|
当前金融市场的热点问题 |
10% |
14 题 |
2009 Level I FRM exam
Candidates opting to take the inaugural Level I FRM exam will be tested on the Level I topics and readings listed in this Study Guide. The 2009 Level I FRM exam will be a 4‐hour (2 2‐hour sessions), 100 multiple choice question exam. From the Level I topics listed in this Study Guide, test weights and question allocation for the 2009 Level I FRM exam will be as follows:
|
Topics |
Weights |
Questions |
|
Foundations of Risk Management |
20% |
20 questions |
|
Quantitative Analysis |
20% |
20 questions |
|
Financial Markets and Products |
30% |
30 questions |
|
Valuation and Risk Models |
30% |
30 questions |
2009年FRM I级考试考纲与考试形式
2009年Level I考试将会进行4个小时（上下午各两个小时），100个单项选择题。
|
主题 |
权重 |
考题数 |
|
风险管理基础 |
20% |
20 题 |
|
定量分析 |
20% |
20 题 |
|
全球金融市场与主要金融产品解析 |
30% |
30 题 |
|
价值评估与风险模型 |
30% |
30 题 |
