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Old 04-27-2012, 05:56 PM
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Default UK - ST9 April 2012 - Recap

Anyone have any thoughts about today's exam? I feel wiped.
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Old 04-28-2012, 12:44 AM
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Difficult..
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Old 04-28-2012, 11:24 PM
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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 formulŠ.

What about that 5 pointer with forex and interest rate direction vs magnitude? I still am not certain what they wanted.
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Old 05-01-2012, 01:36 AM
CraigLucas CraigLucas is offline
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Quote:
Originally Posted by Avi View Post
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 formulŠ.

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.
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Old 05-15-2012, 01:20 PM
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Exam questions have been posted http://www.actuaries.org.uk/research...per-april-2012
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Old 05-15-2012, 03:45 PM
Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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Talk about euro-centric.

How'd you do on the Parmalat problem?
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Old 05-16-2012, 12:05 PM
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Quote:
Originally Posted by Colymbosathon ecplecticos View Post
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.
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Old 05-16-2012, 10:41 PM
Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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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.
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Old 05-17-2012, 03:10 PM
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Quote:
Originally Posted by Colymbosathon ecplecticos View Post
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.
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