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  #1  
Old 04-26-2012, 09:23 PM
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Avi Avi is offline
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Default Good Luck Everyone!

I'll certainly need it

(Failed all 7 practice exams I tried)
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Old 04-27-2012, 01:31 PM
Mary Frances Mary Frances is offline
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So I think I'll be taking it again in the fall. . .had not a clue how to tackle #6, nor #7(i). Who gives a sh*t about Basel I anyhow?
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Old 04-27-2012, 01:55 PM
2pac Shakur 2pac Shakur is offline
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Quote:
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I'll certainly need it

(Failed all 7 practice exams I tried)
You still post!?!?
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Old 04-27-2012, 03:14 PM
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You still post!?!?
Nope. You are experiencing yet another hallucination
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Old 04-27-2012, 03:16 PM
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So I think I'll be taking it again in the fall. . .had not a clue how to tackle #6, nor #7(i). Who gives a sh*t about Basel I anyhow?
#6 was depressing.

I knew I didn't know #7i - Basel was one of those things I decided not to memorize (paid off as I think I got at least 6 out of 7 for the copula question). I hope I can scrape something out of the other 28 points in question 7; egads - 32 points for that one question
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Old 04-27-2012, 05:54 PM
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Anyone else have any thoughts?
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Old 04-29-2012, 06:37 PM
Mary Frances Mary Frances is offline
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What did you put for a plausible use for the Frank copula?
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Old 04-29-2012, 07:07 PM
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What did you put for a plausible use for the Frank copula?
When there is neither upper nor lower tail dependance and we have a Kendall tau value to use to parametrize it (although it is complicated).
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Old 04-29-2012, 08:44 PM
Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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Use it when the Francis Ford copula isn't appropriate.

Should the CAS be trying to use the UK exams as its only path to CERA?

A question about Basel I parameters?? Talk about euro-centric.
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Old 04-30-2012, 12:28 AM
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I believe the idea is for the CAS to have their own eventually. However, from what I understand, the CAS does not currently have an exam that would be acceptable to the Global CERA organization, and decided to allow its members to use the UK exam for now. From the few discussions I have had with the CAS volunteers involved in these decisions, I believe they wish to have a few sittings of using the UK exam and then have people who have gone through the process help write a more US-centric one.

Anyway, something like Solvency II is coming here eventually, whether we like it or not, I'm afraid.
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