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GARP 2016-FRR Exam Questions

Exam Name: Financial Risk and Regulation (FRR) Series
Exam Code: 2016-FRR
Related Certification(s): GARP Financial Risk and Regulation Certification
Certification Provider: GARP
Actual Exam Duration: 120 Minutes
Number of 2016-FRR practice questions in our database: 387 (updated: Jul. 17, 2025)
Expected 2016-FRR Exam Topics, as suggested by GARP :
  • Topic 1: Credit Risk Management: This section of the exam measures skills of a Credit Risk Analyst and covers the assessment of credit risk, credit products risks, portfolio credit risk management, and the regulatory view of credit risk. It explains expected and unexpected losses, credit models, Basel Accords, credit default swaps, credit scoring, and stress testing credit exposures.
  • Topic 2: Market Risk Management: This section of the exam measures skills of a Market Risk Analyst and covers the fundamentals of market risks across foreign exchange, interest rates, equities, and commodities. It explains market risk measurement tools like VaR and expected shortfall, examines trading strategies, market risk reporting, and the impact of Basel III on market risk.
  • Topic 3: Operational Risk Management: This section of the exam measures skills of an Operational Risk Manager and covers the principles of operational risk management. It discusses operational risk identification, measurement, mitigation, monitoring, reporting, and the importance of governance frameworks such as the three lines of defense, along with loss data collection and scenario analysis.
  • Topic 4: Asset and Liability Management: This section of the exam measures skills of a Treasury and ALM Specialist and covers asset and liability management frameworks, interest rate risk in the banking book, liquidity risk management, capital management, and non-trading market risks. It explains the roles of ALCO, treasury operations, Basel III liquidity measures, and management of funding risks.
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Arthur

18 days ago
Just cleared the FRR exam! There were questions on market risk VaR calculations. Practice using both historical simulation and Monte Carlo methods.
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Zachary

1 months ago
Pass4Success really helped me prepare! Make sure to understand the differences between economic capital and regulatory capital. The exam had several questions on this topic.
upvoted 0 times
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Gertude

1 months ago
Aced the GARP FRR Series! Pass4Success's questions were a lifesaver. Prepared me perfectly in no time.
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Casie

2 months ago
The exam covered operational risk in detail. Study the Basic Indicator Approach, Standardized Approach, and Advanced Measurement Approach for calculating operational risk capital.
upvoted 0 times
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Selma

2 months ago
Passed the FRR exam! Lots of questions on liquidity risk management. Be prepared to calculate and interpret the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
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Sommer

2 months ago
GARP FRR certified! Pass4Success made it possible with their relevant exam prep. Grateful for the quick turnaround.
upvoted 0 times
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Merissa

3 months ago
Thanks to Pass4Success for the great prep materials! The exam had several questions on stress testing methodologies. Focus on understanding both bottom-up and top-down approaches.
upvoted 0 times
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Alaine

3 months ago
Just passed the GARP FRR exam! Encountered questions on Basel III capital requirements. Make sure to understand the different tiers of capital and their eligibility criteria.
upvoted 0 times
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Lonny

3 months ago
Just passed the GARP FRR exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much time!
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Free GARP 2016-FRR Exam Actual Questions

Note: Premium Questions for 2016-FRR were last updated On Jul. 17, 2025 (see below)

Question #1

Securitization is a process by which banks:

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Correct Answer: C

Question #2

For which one of the following four reasons do corporate customers use foreign exchange derivatives?

I . To lock in the current value of foreign-denominated receivables

II . To lock in the current value of foreign-denominated payables

III . To lock in the value of expected future foreign-denominated receivables

IV . To lock in the value of expected future foreign-denominated payables

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Correct Answer: D

Question #3

Which one of the following four relationships should be used to price equity forwards or futures?

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Correct Answer: C

Question #4

Sam has hedged a portfolio of bonds against a small parallel shift in the yield curve using the duration measure. What should Sam do to ensure that the portfolio is hedged against larger parallel shifts in the yield curve?

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Correct Answer: C

Question #5

Which one of the following four statements regarding counterparty credit risk is INCORRECT?

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Correct Answer: D

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