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The FRR Series is an essential certification for professionals working in financial risk management or regulatory compliance. It is recognized as a mark of excellence by employers and colleagues alike and can help individuals advance their careers in these fields. Additionally, the knowledge gained from studying for the FRR exams can help professionals improve their decision-making and risk management skills.

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The FRR Series Certification Exam offered by GARP is a comprehensive and rigorous assessment of the skills and knowledge required to effectively manage financial risks. Financial Risk and Regulation (FRR) Series certification is globally recognized and respected in the industry, providing professionals with a valuable asset for career advancement. With the increasing importance of risk management in the financial industry, obtaining the FRR Series Certification is a wise investment in one's career.

To prepare for the GARP 2016-FRR exam, candidates are encouraged to use a variety of study materials, including textbooks, online courses, and practice exams. Many candidates also participate in study groups or attend review courses to help them prepare for the exam. 2016-FRR exam is challenging, but those who pass the exam will be well-equipped to manage financial risk and navigate the complex regulatory landscape of the financial industry.

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To prepare for the exam, candidates are advised to study the official study materials provided by GARP, and also to take practice exams to assess their knowledge and identify areas where they need to improve. Passing the GARP 2016-FRR exam demonstrates a high level of expertise and professionalism in the field of financial risk management and regulation.

Reference: https://www.garp.org/courses/financial-risk-and-regulation

GARP 2016-FRR Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Services15%- Financial Products and Services
  • 1. Investment products
    • 2. Payment and settlement systems
      • 3. Derivatives and structured products
        - Financial Institutions and Markets
        • 1. Insurance and asset management
          • 2. Banking sector
            • 3. Capital markets and instruments
              Topic 2: Regulation, Supervision, Reporting and Management20%- Reporting and Disclosure
              • 1. Risk reporting requirements
                • 2. Financial reporting standards
                  • 3. Transparency and disclosure
                    - Supervision and Compliance
                    • 1. Compliance management
                      • 2. Regulatory requirements
                        • 3. Supervisory processes
                          - Global Regulatory Frameworks
                          • 1. International standards and guidelines
                            • 2. Basel Accords
                              Topic 3: Risk Management50%- Risk Measurement and Management
                              • 1. Risk mitigation and control
                                • 2. Risk modeling and assessment
                                  • 3. Quantitative methods
                                    - Types of Risk
                                    • 1. Market risk
                                      • 2. Operational risk
                                        • 3. Liquidity risk
                                          • 4. Model risk
                                            • 5. Credit risk
                                              - Foundations of Risk Management
                                              • 1. Risk governance and culture
                                                • 2. Risk concepts and frameworks
                                                  • 3. Enterprise Risk Management (ERM)
                                                    Topic 4: Emerging Markets15%- Risk Management Challenges
                                                    • 1. Cross-border risk issues
                                                      • 2. Governance and infrastructure
                                                        - Regulatory and Market Practices
                                                        • 1. Local regulatory frameworks
                                                          • 2. Market development and integration
                                                            - Characteristics and Risks
                                                            • 1. Unique risk factors
                                                              • 2. Economic and political environment

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