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
32 Corporate Bonds
33 The Rating Agencies

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
11
9

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

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
2
1.5

1.5
2
1
1
0.5

3.5
5.5
3
3
2

4
Time allocated
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

Week-Day (Working Professionals) ( 2

Week- Day (for those who
hours on working days and 6 on
are not working)(hours
weekends)
Progress distributed uniformly)
1
1
1
1

Monday to Wednesday
Thursday to Friday
Saturday
Saturday

1
1
1
1

Monday to Tuesday
Wednesday
Thursday
Friday

1 - Saturday
1 - Sunday
1 - Sunday

1 - Saturday
1 - Sunday
1 - Sunday

1 - Sunday
2- Monday
2 - Tuesday and Wednesday
8 weekdays + 2 weekends

2 - Monday
2 - Monday
2- Tuesday
9 days

2
2
2
3
3

2
2
2
3
3

Thursday and Friday

Saturday to Sunday
Sunday and 3- Monday
Tuesday to Friday
Saturday

Wednesday and Thursday

Thursday to Satuday
Saturday and Sunday
Monday to Wednesday
Wednesday and Thursday

3 - Saturday and Sunday

3 - Sunday

3 - Friday and Saturday

3 - Saturday and Sunday

4 - Monday to Wednesday
4 - Thursday and Friday
4 - Friday and Saturday
4- Saturday
12 weekdays + 5 weekends

4 - Monday and Tuesday

4 - Wednesday
4 - Thursday
4 - Friday
17 days

4
4
5
5
5
5
5
5
6

Saturday and Sunday

Sunday
Monday and Tuesday
Wednesday and Thursday
Friday and Saturday
Saturday
Sunday
Sunday and 6- Monday
Tuesday and Wednesday

4
4
5
5
5
5
5
5
6

Saturday and Sunday

Sunday
Monday
Tuesday and Wednesday
Wednesday
Thursday and Friday
Friday and Saturday
Sunday
Monday and Tuesday

6
6
6
6
7

Thursday and Friday

Saturday
Sunday
Sunday
Monday

6
6
6
6
6

Tuesday and Wednesday

Wednesday and Thursday
Friday
Saturday
Saturday and Sunday

7 - Tuesday and Wednesday

13 weekdays + 5 weekends

6 - Sunday
16 days

7 - Thursday and Friday

7 - Friday and Saturday
7 - Saturday and Sunday
7 - Sunday and 8 - Monday
8 - Tuesday to Thursday
8 - Thursday to Saturday
8 - Saturday and Sunday
8 - Sunday
9 - Monday and Tuesday
9 - Wednesday and Thursday
9 - Friday and Saturday
9 - Saturday
9 - Saturday and Sunday
9 - Sunday
9 - Sunday
9 - Sunday and 10 - Monday
10 - Monday and Tuesday
10 - Wednesday

7 - Monday
7 - Tuesday and Wednesday
7 - Thursday and Friday
7 - Friday and Saturday
7 - Sunday and 8 - Monday
8 - Monday and Tuesday
8 - Wednesday and Thursday
8 - Thursday and Friday
8 - Saturday and Sunday
8 - Sunday and 9 - Monday
9 - Tuesday
9 - Wednesday
9 - Thursday
9 - Friday
9 - Saturday
9 - Sunday
9 - Sunday and 10 - Monday
10 - Tuesday

10 - Thursday and Friday

10 - Saturday
17 weekdays and 7 weekends

10 - Wednesday
10 - Thursday
25 days

Progress