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Avi
04-27-2012, 05:56 PM
Anyone have any thoughts about today's exam? I feel wiped.
CraigLucas
04-28-2012, 12:44 AM
Difficult..
Avi
04-28-2012, 11:24 PM
Yup.

That 32 point question threw me for a loop, especially as part of my study triage was a decision not to memorize the Basel I formulæ.

What about that 5 pointer with forex and interest rate direction vs magnitude? I still am not certain what they wanted.
CraigLucas
05-01-2012, 01:36 AM
Yup.

That 32 point question threw me for a loop, especially as part of my study triage was a decision not to memorize the Basel I formulæ.

What about that 5 pointer with forex and interest rate direction vs magnitude? I still am not certain what they wanted.

Not sure either.. I was thinking along the lines of what GARCH models try to do.. model ie. try to simulate the volatility of the future values correctly rather than try to get the direction right.
Avi
05-15-2012, 01:20 PM
Exam questions have been posted http://www.actuaries.org.uk/research-and-resources/documents/subject-st9-enterprise-risk-management-exam-paper-april-2012
Colymbosathon ecplecticos
05-15-2012, 03:45 PM
Exam questions have been posted http://www.actuaries.org.uk/research-and-resources/documents/subject-st9-enterprise-risk-management-exam-paper-april-2012

Talk about euro-centric.

How'd you do on the Parmalat problem?
Avi
05-16-2012, 12:05 PM
Talk about euro-centric.

How'd you do on the Parmalat problem?
Well, I for one did not know it was based on the Parmalat case (never heard of it before)--shame on me.

At this point, I'm in denial about the exam, so I don't remember what I wrote; I'm hoping that I hit enough key points to get some partial credit.
Colymbosathon ecplecticos
05-16-2012, 10:41 PM
Well, I for one did not know it was based on the Parmalat case (never heard of it before)--shame on me.

It would have been hard to miss, had you been in Europe back when it went down.

I don't mind the UK giving a euro-centric exam, but the CAS needs to understand that its candidates really are strongly disadvantaged by using this exam as the US-CERA exam.
Avi
05-17-2012, 03:10 PM
It would have been hard to miss, had you been in Europe back when it went down.

I don't mind the UK giving a euro-centric exam, but the CAS needs to understand that its candidates really are strongly disadvantaged by using this exam as the US-CERA exam.I believe that the CAS fully intends to have their own exam once they have a deep enough pool of people to pull from to create and mark said exam.