Funding liquidity risk occurs when an entity is unable to pay down or refinance its debt, satisfy any cash obligations to counterparties, or fund any capital withdrawals. Liquidity risk is subdivided into two parts: For a majority of you, there are no shortcuts to learning the broad array of subject matter covered by the FRM curriculum, but this book should be a very valuable tool for learning and reviewing the material as you progress in your studies over the weeks leading up to exam day. It is easier to carry with you and will allow you to study these key concepts, definitions, and techniques over and over, which is a crucial part of mastering the material.
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