12月1日，GARP協(xié)會更新了2021年FRM考綱，今天，先帶大家了解一下Foundations of Risk Management（風險管理基礎(chǔ)）有何變化？>>>點擊領(lǐng)取2021年FRM備考資料大禮包（戳我免·費領(lǐng)?。?/span>

2021FRM備考資料大禮包

Foundations of Risk Management（風險管理基礎(chǔ)）是FRM一級考試的內(nèi)容，在2021年占比是20%。

Foundations of Risk Management（風險管理基礎(chǔ)）考綱變化部分：

1、Describe elements, or building blocks, of the risk management process and identify problems and challenges that can arise in the risk management process.

該條刪除

2、Evaluate and apply tools and procedures used to measure and manage risk,

改做：

Evaluate, compare, and apply tools and procedures used to measure and manage risk。預(yù)計無實質(zhì)性改變。

第二章LOS沒有變化

第三章：

1、 Explain changes in corporate risk governance

改做

Explain changes in regulations and corporate risk governance。估計沒有實質(zhì)性變化

2、Compare and contrast best practices in corporate governance with those of risk management.

Assess the role and responsibilities of the board of directors in risk governance

改做：

Describe best practices for the governance of a firm’s risk management processes.

Explain the risk management role and responsibilities of a firm’s board of directors.

雖有改動，但說法較為相似。

第四章：

Compare different types of credit derivatives, explain how each one transfers credit risk and describe their advantages and disadvantages

改做：

Compare different types of credit derivatives, explain their applications, and describe their advantages.

刪除了原來的“缺點”部分，但說法比較相似。

FRM網(wǎng)課

第五章

Interpret the capital market line

改做:

Interpret and compare the capital market line and the security market line.

去年教材混淆了CML和SML，今年這里是一處實質(zhì)性改變。

第六章

1、 Describe the inputs (including factor betas) to a multifactor model.

改做：

Describe the inputs (including factor betas) to a multifactor model and explain the challenges of using multifactor models in hedging.

新增挑戰(zhàn)容。

2、Explain models that account for correlations between asset returns in a multi-asset portfolio.此條刪除。

第七章

1、Describe the impact of data quality on model risk and the model development process

Describe characteristics of a strong risk data aggregation capability and demonstrate how these

characteristics interact with one another.

Describe characteristics of effective risk reporting practices.

Describe the role that supervisors play in the monitoring and implementation of the risk data aggregation and reporting practices.

這四條刪除。

2、新增：

Explain challenges to the implementation of a strong risk data aggregation and reporting process and the potential impacts of using poor quality data.

3、 Identify the governance framework, risk data architecture and IT infrastructure features that can contribute to effective risk data aggregation and risk reporting practices.

改做：

Describe characteristics of effective data architecture, IT infrastructure, and risk reporting practices

不過兩者說法相似

第八章

1、Compare the benefits and costs of ERM and describe the motivations for a firm to adopt an ERM initiative.

改做

Describe the motivations for a firm to adopt an ERM initiative.

刪除了“好處”和“成本”

2、Describe important dimensions of an ERM program and relate ERM to strategic planning.本條刪除。

第九章沒有變化

第十章沒有變化

第十一章沒有變化