Reading

Number
Foundations of Risk Management
1 Risk Taking: A Corporate Governance Practice
2 Delineating Efficient Portfolios
3 The Standard Capital Asset Pricing Model
4 Nonstandard Forms of Capital Asset Pricing Models
Applying the CAPM to Performance Measurement: Single5 Index Performance Measurement Indicators?
6 Information Risk and Data Quality Management
7 Financial Disasters
Risk Management Failures: What Are They and When Do
8 They Happen
9 GARP Code of Conduct
Comprehensive Test

Quantitative Methods
10 Probabilities
11 Basic Statistics
12 Distributions
13 Hypothesis Testing and Confidence Intervals
14 Linear Regression with One Regressor
Regression with a Single Regressor: Hypothesis Tests and
15 Confidence Intervals
16 Linear Regression with Multiple Regressors
Hypothesis Tests and Confidence Intervals in Multiple
17 Regression
18 Monte Carlo Methods
19 Estimating Volatilities and Correlations
Comprehensive Test

Financial Markets and Products

20 Introduction (Options, Futures, and Other Derivatvies)
21 Mechanics of Futures Markets
22 Hedging Strategies Using Futures
23 Interest Rates
24 Determination of Forward and Futures Prices
25 Interest Rate Futures
26 Swaps
27 Properties of Stock Options
28 Trading Strategies Involving Options
Fundamentals of Commodity Spot and Futures Markets:
29 Instruments, Exchanges and Strategies
30 Commodity Forwards and Futures
31 Foreign Exchange Risk

Number of AIM
Statements
47
16
5
4
2
4
6
1
7
2

79
8
7
7
9
10
7
8
8
9
6

135
8
9
7
8
12
12
15
5
5
11
13
10

32 Corporate Bonds
33 The Rating Agencies
Comprehensive Test

Valuation and Risk Models

34 Measures of Financial Risk
35 Quantifying Volatility in VaR Models
36 Putting VaR to Work
37 Binomial Trees
38 The Black-Scholes-Merton Model
39 The Greek Letters
40 Prices, Discount Factors, and arbitrage
41 Spot, Forward, and Par Rates
42 Returns, Spreads, and Yields
43 One-Factor Risk Metrics and Hedges
44 Multi-Factors Risk Metrics and Hedges
45 Empirical Approaches to Risk Merics and Hedges
46 Country Risk Models
47 External and Internal Ratings
48 Loan Portfolios and Expected Loss
49 Unexpected Loss
50 Operations Risk
51 Stress Testing
Principles for Sound Stress Testing Practices and
52 Supervision
Comprehensive Test

11
9

149
8
9
9
5
9
11
7
8
9
9
9
7
7
8
9
4
9
9
3

Hours required Total

Hours required for for practicing hours
understanding
problems
required
20
11.5
31.5
5
1.5
6.5
3
1
4
2
1
3
1.5
1
2.5
2.5
1.5
2

1
0.5
0.5

3.5
2
2.5

1.5
1

0.5
0.5
4
Time allocated

2
1.5

32
3
4
4
6
2.5

26
2
3
3
3
2

58
5
7
7
9
4.5

2.5
2.5

2
2

4.5
4.5

3.5
2
2

3
1
1
4
Time allocated

6.5
3
3

36.5
2.5
2
2
2.5
2
2.5
3
2
3

27
2
1.5
1.5
2
1.5
2
2.5
2
2

63.5
4.5
3.5
3.5
4.5
3.5
4.5
5.5
4
5

2
3.5
2

1.5
2
1

3.5
5.5
3

6
19
6
15

Bibliothque
Etude Sem
Etude Week
Congs

12:20
17:30
10
3
18

9
8
2
150

2
1.5

1
0.5
4
Time allocated

3
2

43.5
2
3.5
3
2.5
3
3.5
2.5
3
2.5
2.5
2.5
2
1.5
1.5
1.5
1
2
1.5

30
1
2
2
2
2
2
2
2
2
1.5
1.5
1
0.5
0.5
1
0.5
1
0.5

73.5
3
5.5
5
4.5
5
5.5
4.5
5
4.5
4
4
3
2
2
2.5
1.5
3
2

1
4
Time allocated

Total hours
required

226.5

102.5

7.5
2
4
10

257