PDF Version DemoGARP ICBRR Exam Overview:
| Certification Vendor: | GARP (Global Association of Risk Professionals) |
|---|---|
| Exam Name: | GARP International Certificate in Banking Risk and Regulation (ICBRR / FRR) |
| Exam Number: | ICBRR (replaced by 2016-FRR) |
| Available Languages: | Chinese, English |
| Exam Duration: | 120–175 |
| Related Certifications: | FRM (Financial Risk Manager) FFR (Foundations of Financial Risk) |
| Exam Format: | Computer-based test (CBT), Online proctored, Multiple-choice questions |
| Certificate Validity Period: | Lifetime |
| Passing Score: | 67.5% (54/80) |
| Exam Price: | $350–$500 USD |
| Real Exam Qty: | 80–120 |
| Recommended Training: | Official FRR Study Materials |
| Exam Registration: | Pearson VUE Scheduling GARP Official Registration |
| Sample Questions: | GARP ICBRR Sample Questions |
| Exam Way: | Onsite at Pearson VUE centers or online proctored via OnVUE |
| Pre Condition: | No formal prerequisites; open to all finance and banking professionals |
| Official Syllabus URL: | https://www.garp.org/courses/financial-risk-and-regulation |
GARP ICBRR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market Risk Management | 20% | - Equity & commodity risk - Foreign exchange risk - Interest rate risk - VaR and stress testing |
| Topic 2: Liquidity & ALM | 15% | - Liquidity coverage ratios - Liquidity risk principles - Funding strategies - Asset & Liability Management |
| Topic 3: Banking Industry & Regulatory Framework | 15% | - Risk-based supervision - Banking business models - Basel Accords overview |
| Topic 4: Regulatory Capital & Governance | 10% | - Capital adequacy framework - Risk governance & internal controls - ICAAP & SREP |
| Topic 5: Credit Risk Management | 25% | - Credit risk measurement - Counterparty credit risk - Capital requirements for credit risk - Credit risk mitigation |
| Topic 6: Operational Risk Management | 15% | - AML & KYC requirements - Risk measurement & control - Operational risk identification - Business continuity |
GARP International Certificate in Banking Risk and Regulation (ICBRR) Sample Questions:
Question 1
Bank customers traditionally trade commodity futures with banks in order to achieve which of the following goals?
I. To express their own price views
II. To reverse undesired short-term exposure created from fixed commodity sales
III.
To reach short-term budgetary targets
A. I
B. I, II, III
C. II
D. I, III
Question 2
Which one of the following four exercise features is typical for the most exchange-traded equity options?
A. A shout option exercise feature
B. Asian exercise feature
C. European exercise feature
D. American exercise feature
Question 3
Alpha Bank determined that Delta Industrial Machinery Corporation has 2% change of default on a one-year no-payment of USD $1 million, including interest and principal repayment. The bank charges 3% interest rate spread to firms in the machinery industry, and the risk-free interest rate is 6%. Alpha Bank receives both interest and principal payments once at the end the year. Delta can only default at the end of the year. If Delta defaults, the bank expects to lose 50% of its promised payment.
What may happen to the Delta's initial credit parameter and the value of its loan if the machinery industry experiences adverse structural changes?
A. Probability of default and loss at default may decrease simultaneously, while duration rises causing the loan value to decrease.
B. Probability of default and loss at default may decrease simultaneously, while duration falls causing the loan value to decrease.
C. Probability of default and loss at default may increase simultaneously, while duration falls causing the loan value to decrease.
D. Probability of default and loss at default may increase simultaneously, while duration rises causing the loan value to decrease.
Question 4
What are the add-on losses faced by a bank that is going bankrupt?
I. The discount accepted by the bank for selling its assets in a fire sale.
II. The increased cost of funding liabilities in a financially distressed situation.
III. The reduction in the present value of future growth opportunities.
IV.
Loss of goodwill and intangible assets.
A. II, III, IV
B. III, IV
C. I, II, III, IV.
D. I, II
Question 5
Which of the following statements defines Value-at-risk (VaR)?
A. VaR is the maximum of past losses over a given period of time.
B. VaR is the minimum likely loss on a financial instrument or a portfolio of financial instruments with a given degree of probabilistic confidence.
C. VaR is the maximum likely loss on a financial instrument or a portfolio of financial instruments over a given time period with a given degree of probabilistic confidence.
D. VaR is the worst possible loss on a financial instrument or a portfolio of financial instruments over a given time period.
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: C | Question 5 Answer: C |
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