Riskprep Blog - PRM Exam Preparation, PRM Test Qustions, PRMIA Sample Exams

Changes to the PRM syllabus

Written by Mukul Pareek

The PRM syllabus has changed, and candidates appearing for the exam after March 1, 2010 will be tested based upon the new syllabus.  The changes do not affect Exams 1 and 2.

(Updates to the Riskprep question pool have been completed - March 18, 2010.)

The bulk of the change is in Exam 3, Risk Management Practices.  New papers have been introduced and some available web based papers on stress testing, scenario testing and supervisory assessment of capital have been added.  There have been changes to Exam 4 as well, where older case studies have been dropped and newer more relevant case studies have been included.

Summary of changes to Exam III: New supplementary papers:

Available only as part of the PRMIA handbook (downloadable):

1. Funding Liquidity: Risk Analysis and Management - By Selwyn Blair-Ford and Ioanuis Akkizidis, Copyright PRMIA (not free)
2. Enterprise Risk Information Management - By Dilip Krishna and Robert M. Marks, Copyright PRMIA (not free)
3. Rethinking the Financial Network - By Andrew G Haldane, Copyright 2009 The Bank of England This was dropped in May 2011 and replaced by 'Why Banks Failed the Stress Test' (#4 below)
4. Why Banks Failed the Stress Test - By Andrew Haldane
5. Viewing the Financial Crisis from 20,000 Feet up - By Stephen Figlewski, Copyright 2009 Institutional Investor, Inc. Reproduced and republished from The Journal of Derivatives, Vol. 16, No.3, Spring 2009.

The above are downloadable from PRMIA's website only if you have purchased the handbook in the last two years or so.  If you have an older copy, you will need to buy the handbook again to get access to the above papers.

Freely downloadable from the web:

1. Principles for sound stress testing practices and supervision – released January 2009
2. Stress and Scenario Testing – released December 2008 – pages 1-39 only
3. The Supervisory Capital Assessment Program: Overview of Results – released May 2009 – pages 1-17 only