Scribd
Upload
805 views3 pages

FRM Part 2 2025 Syllabus

FRM Part 2 syllabus

Uploaded by

cayashjain.indore
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
805 views3 pages

FRM Part 2 2025 Syllabus

FRM Part 2 syllabus

Uploaded by

cayashjain.indore
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

FRM Part 2 – 2025 Syllabus update

1. Market Risk Measurement and Management: 20%- Minor changes

Chapt 2024 Curriculum 2025 Curriculum Chang


er e
1 Estimating Market Risk Estimating Market Risk Retaine
Measures: An Introduction Measures: An Introduction d
and Overview and Overview
2 Non-parametric Non-parametric Approaches Retaine
Approaches d
3 Parametric Approaches Parametric Approaches (II): Retaine
(II): Extreme Value Extreme Value d
4 Backtesting VaR Backtesting VaR Retaine
d
5 VaR Mapping VaR Mapping (1 LO Updat
Updated) ed
6 Messages from the Validating Bank Holding New
academic literature on Companies’ Value-at-
risk measurement for Risk Models for Market
the trading book Risk
7 Correlation Basics: Correlation Basics: Retaine
Definitions, Applications, Definitions, Applications, d
and Terminology and Terminology
8 Empirical Properties of Empirical Properties of Retaine
Correlation: How Do Correlation: How Do d
Correlations Behave in the Correlations Behave in the
Real World? Real World?
9 Financial Correlation Financial Correlation Retaine
Modeling — Bottom-Up Modeling — Bottom-Up d
Approaches Approaches
10 Empirical Approaches to Regression Hedging and Updat
Risk Metrics and Hedging Principal Component ed
Analysis (1 LO Added)
11 The Science of Term Arbitrage Pricing with New
Structure Models Term Structure Models
12 The Evolution of Short Expectations, Risk New
Rates and the Shape of Premium, Convexity, and
the Term Structure the Shape of the Term
Structure (2 LO Added)
13 The Art of Term Structure The Art of Term Structure Retaine
Models: Drift Models: Drift d
14 The Art of Term Structure The Art of Term Structure Retaine
Models: Volatility and Models: Volatility and d
Distribution Distribution
15 Volatility Smiles The Vasicek and Hull-White New
Models
FRM Part 2 – 2025 Syllabus update
16 Fundamental Review of Fundamental Review of the Retaine
the Trading Book Trading Book
d

2. Credit Risk Measurement and Management: 20%- No Change


3. Operational and Resiliency Risk Management: 20%- No Changes
4. Liquidity and Treasury Risk Measurement and Management: 15%- No
Changes
5. Risk Management and Investment Management: 15%- No Changes

6. Current Issues in Financial Markets: 10%- Major changes (as usual)

Chapt 2024 Curriculum 2025 Curriculum Chang


er e
1 Review of the Federal 2023 Bank Failures: New
Reserve’s Supervision and Preliminary Lessons
Regulation of Silicon Valley Learnt for Resolution
Bank
2 The Credit Suisse CoCo Generative Artificial New
Wipeout: Facts, Intelligence in Finance:
Misperceptions, and Risk Considerations
Lessons for Financial
Regulation
3 Artificial Intelligence and Artificial Intelligence New
Bank Supervision and the Economy:
Implications for Central
Banks
4 Financial Risk “Interest Rate Risk New
Management and Management by EME
Explainable, Trustworthy, Banks”
Responsible AI
5 Artificial Intelligence Risk Laying a Robust Macro- New
Management Framework Financial Foundation for
the Future
6 Climate-related risk The Last Mile: Financial New
drivers and their Vulnerabilities and
transmission channels Risks, Chapter 2: The
Rise and Risks of Private
Credit
7 Climate-related financial Monetary and Fiscal New
risks — measurement Policy: Safeguarding
methodologies Stability and Trust
FRM Part 2 – 2025 Syllabus update
8 Principles for the effective Regulating the Crypto New
management and Ecosystem: The Case of
supervision of climate- Unbacked Crypto Assets
related financial risks
9 The Crypto Ecosystem: Digital Resilience and Retaine
Key Elements and Risks Financial Stability: The d
Quest for Policy Tools in
the Financial Sector
10 Digital Resilience and Removed
Financial Stability: The
Quest for Policy Tools in
the Financial Sector

You might also like