Foreign Exchange Risk

Foreign Exchange Risk – Full Details

What is Foreign Exchange Risk?

Foreign exchange risk refers to the risk that an investment value will change due to change in two different currencies. It is also known as currency risk or exchange rate risk. Exposure to foreign exchange risk is the natural result of the globalization of financial institutions. This risk arises when foreign exchange currency trading and/or foreign asset-liability positions are mismatched in individual currencies. Unexpected volatility could result in significant losses for the firm, which could threaten profitability or even solvency. (more…)
Which one is better, an MBA in finance, or a CFA?

Which one is better, an MBA in finance or a CFA?

Which one is better, an MBA in finance, or a CFA?

Pursuing an MBA in finance or a CFA largely depends upon the area of interest: MBA Master’s in Business Administration gives an introduction to various areas of business like marketing, human resources, operations management, IT, and Finance. The MBA degree works not only in the business sector but in the government sector, public sector, and private businesses too. Pursuing an MBA is about learning various core subjects as they are applicable in various fields. (more…)
Is FRM and CFA a good combination?

Is FRM and CFA a good combination?

Is FRM and CFA a good combination?

CFA opens up doors for various financial services and KPO industries. It has subjects such as equity valuation, fixed income, derivative instruments, portfolio management including RISK MANAGEMENT(the core concept of FRM). It gives you a feel of the entire financial world with knowledge of all fields in a consolidated and channelized manner to ensure maximum effectiveness. (more…)
Key Companies to try after FRM

Key Companies to try after FRM?

Key Companies to try after FRM?

Qualifying FRM opens a plethora of options in your career. The knowledge you gain with the FRM course content will equip you to aim for a lot of companies, even outside the risk profile. Let’s take a look at a few examples to understand this better. Better navigation through profiles must be a target to decide the companies you want to work for. (more…)
Preparing FRM Exam with Job

Preparing FRM Exam with Job?

Preparing FRM Exam with Job

Start with Book three, four, two, and one. Book three is easy and has very interesting topics and also the coverage by 30%. In Book three - Cover topics futures, forwards, and options together. Followed by Book four which also covers 30% which has certain difficult topics such as VaR, Bond valuation needs to be covered together. Then Book two, many candidates consider this as difficult the reason being it is based on Quantitative. It is not at all difficult with practice it’s easy. In Book two - Probability, random variables, Time series, simulation, and correlation. (more…)
Career Opportunities in Risk

Career Opportunities in Risk Management

Career Opportunities in Risk Management

 Financial Risk Manager is a professional certification issued by the Global Association of Risk Professionals (GARP). The GARP FRM accreditation is globally recognized as the premier certification finance professionals. Financial Risk Ms have specialized knowledge in assessing risk and work for major banks, insurance companies, accounting firms, regulatory agencies, and asset management firms. Risk management has a very wide and varied career scope. Especially in the post COVID situation, it will be very important for us to work on Financial Risk. (more…)
What is Novation? 

What is Novation?

What is Novation?
  • Novation is the process of intervening in a contract whereby it acts as a middleman by entering the contract where the concerned parties mutually agree to allow it to intervene.
  • It is a process whereby one of the two initial contracting parties is replaced by an entirely new party, whereby the original party willingly agrees to forgo any rights originally afforded to him.
  • A novation is not a unilateral contract mechanism; therefore, all concerned parties may negotiate the terms of the replacement contract until a consensus is reached.
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What is Operational Risk

What is Operational Risk?

Definition:
  •  Operational Risk - The risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
  •  The operational risk definition explicitly includes legal risk, but does not address reputation risk or strategic risk
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FRM Level I Exam Structure

FRM Level I Exam Structure

FRM Level I Exam Structure

What is FRM Exam?? The Global Association of Risk Professionals (GARP) established the FRM designation to identify and recognize risk professionals who are qualified to make informed decisions based on current, globally accepted industry standards. The FRM designation indicates you have a strong understanding of the underlying risk management concepts in today’s ever-changing financial markets which has been validated by international professional standards. (more…)
FRM Level II Exam Structure

FRM Level II Exam Structure

FRM Level II Exam Structure:

What is FRM Exam?? The Global Association of Risk Professionals (GARP) established the FRM designation to identify and recognize risk professionals who are qualified to make informed decisions based on current, globally accepted industry standards. The FRM designation indicates you have a strong understanding of the underlying risk management concepts in today’s ever-changing financial markets which has been validated by international professional standards. (more…)