Finance Train's FRM Part 1 Study Plan

Reading No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Reading Name Section: Foundations of Risk Management Risk Taking: A Corporate Governance Perspective Delineating Efficient Portfolios Standard Capital Asset Pricing Model Non-standard Forms of Capital Asset Pricing Models Applying the CAPM to Performance Measurement Information Risk and Data Quality Management Financial Disasters Risk Management Failures GARP Code of Conduct Section: Quantitative Analysis Probabilities Basic Statistics Distributions Hypothesis Testing and Confidence Intervals Linear Regression with One Regressor Regression with a Single Regressor:Hypothesis Testing and Confidence Intervals Linear Regression with Multiple Regressors Hypothesis Tests and Confidence Intervals in Multiple Regression Monte Carlo Methods Estimating Volatilities and Correlations Section: Financial Markets and Products Introduction (Hull Chapter 1) Mechanics of Futures Markets (Hull Chapter 2) Hedging Strategies Using Futures (Hull Chapter 3) Interest Rates (Hull Chapter 4) Determination of Forward and Futures Prices (Hull Chapter 5) Interest Rate Futures (Hull Chapter 6) Swaps (Hull Chapter 7) Properties of Stock Options (Hull Chapter 10) Trading Strategies Involving Options (Hull Chapter 11) Commodity Forwards and Futures (Robert, Derivatives Markets Chapter 5) Fundamentals of Commodity market Instruments (Geman Chapter 1) Foreign Exchange Risk (Saunders Chapter 14) Corporate Bonds (Fabozzi Chapter 16) The Rating Agencies (Managing Credit Risk Chapter 6) Section: Valuation and Risk Models Quantifying Volatility in VaR Models (Allen Chapter 2) Putting VaR to Risk (Allen Chapter 3) Binomial Trees (Hull Chapter 12) The Black-Scholes Model (Hull Chapter 13) The Greek Letters (Hull Chapter 18)

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Prices, Discount Factors, and Arbitrage (Tuckman Chapter 1) Spot, Forward and Par Rates (Tuckman Chapter 2) Returns, Spreads and Yields (Tuckman Chapter 3) One-Factor Risk Metrics and Hedges (Tuckman Chapter 4) Multi-Factor Risk Metrics and Hedges (Tuckman Chapter 5) Empirical Approaches to Risk Metrics and Hedges (Tuckman Chapter 6) Country Risk Models (Managing Credit Risk Chapter 23) External and Internal Ratings (Arnaud Chapter 2) Loan Portfolios and Expected Loss (Ong Chapter 4) Unexpected Loss (ong Chapter 5) Measures of Financial Risk (Kevin Dowd Chapter 2) Measures of Financial Risk (Hull Chapter 18) Stress Testing (Jurion Chapter 14) Principles for Sound Stress Testing Practices and Supervision (Basel paper)

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