2022年12月1日GARP協(xié)會公布了FRM最新考綱，金程教育FRM研發(fā)組第一時間仔細對比了FRM協(xié)會2023和2022年老考綱，發(fā)現(xiàn)整體考綱變化不大，2023年的FRM考綱中所有科目的權(quán)重沒有發(fā)生變化。變化的科目主要是在一級的數(shù)量分析；二級的信用、操作和熱點；其余科目基本保持不變。
還有一個重大變化就是，協(xié)會新增了 8 月考期，但是只有1天時間。
以下是2023年FRM考試內(nèi)容變化：
PART 1 #金融風險管理
1、章節(jié)的變動
新增兩個章節(jié)（14、15章）關于機器學習的內(nèi)容，老考綱FRM二級熱點部分有關于機器學習的內(nèi)容，如今也加入到數(shù)量分析當中，并且新增了兩個章節(jié)，說明它的內(nèi)容比較重要，也另外一個層面說明FRM考試很貼合實際生活。其他章節(jié)共新增3條新考點。
2、具體內(nèi)容的變動
Chapter 7: Linear Regression [QA-7]
新增1條：
Estimate the correlation coefficient from the R2 measure obtained in linear regressions with a single explanatory variable.
Chapter 8: Regression With Multiple Explanatory Variables [QA-8]
新增1條：
Calculate the regression R2 using the three components of the decomposed variation of the dependent variable data: the explained sum of squares, the total sum of squares, and the residual sum of squares.
Chapter 12: Measuring Returns, Volatility, and Correlation [QA-12]
新增1條：
Compare and contrast the different measures of correlation used to assess dependence.
新增章節(jié)
Chapter 14: Machine-Learning Methods [QA-14]
Chapter 15: Machine Learning and Prediction [QA-15]
PART 1 #市場風險
具體內(nèi)容的變動
Chapter 3. Estimating Market Risk Measures: An Introduction and Overview [MR–1]
刪除1條：
Describe coherent risk measures.
總結(jié)：市場風險內(nèi)容變動不大，僅僅刪除一條關于一致性風險的考點。
PART 2 #信用風險
具體內(nèi)容的變動
Chapter 9：Structured Credit Risk [CR–8]
新增1條：
Describe the treatment of excess spread in a securitization structure and estimate the value of the overcollateralization account at the end of each year.
Chapter 6: Netting, Close-out and Related Aspects [CR–10]
新增1條：
Provide examples of trade compression of derivative positions, calculate net notional exposure amount, and identify the party holding the net contract position in a trade compression.
Chapter 7：Margin (Collateral) and Settlement [CR–11]
新增1條：
Calculate the credit support amount (margin) under various scenarios.
Chapter 17. CVA [CR–13]
新增1條：
Explain the distinctions between unilateral CVA (UCVA) and BCVA, and between unilateral DVA (UDVA) and BCVA.
Chapter 12. An Introduction to Securitization [CR–17]
刪除1條：
Determine the notional value of the net contract resulting from trade compression and identify the counterparty with the net contract.
新增3條：
Describe the various features of subprime MBS and explain how these features are designed to protect investors from losses on the underlying mortgage loans.
Distinguish between corporate credit ratings and asset-backed securities (ABS) credit ratings.
Explain how through-the-cycle ABS rating can amplify the housing cycle.
總結(jié)：信用風險一共新增7個考點，刪除1個考點。新增的內(nèi)容都可能會是未來考試的重點部分，大家要引起重視，緊跟金程網(wǎng)課復習！
PART 2 #操作風險
1、章節(jié)的變動
原來27個章節(jié)，現(xiàn)在變成24個章節(jié)，對于原來分散的知識點進行了整合，使得整本操作風險變得更加系統(tǒng)，學生學起來能夠更加容易理清思路，形成學習框架，即風險管理的步驟就是：風險識別、風險測量和評估、風險緩解、風險報告、綜合風險管理。
以前FRM考生在備考時，總反映操作風險難學，現(xiàn)在協(xié)會也是針對性對于學習內(nèi)容進行了優(yōu)化，讓學生更有系統(tǒng)性的學習，明白風險管理的邏輯，也更好應用于實踐。
新考綱內(nèi)容變動雖然比較大，但是總體章節(jié)內(nèi)容少了3章，原來復雜分散的內(nèi)容也變得更加整體，對于老考生和新考生來說都是有利的，相比以前復習起來會相對容易，大家也不必對于大幅度的考綱變動太過于擔憂，金程課程也會根據(jù)新考綱錄制針對性課程，幫助你快速***~
2、具體內(nèi)容的變動
Chapter 1. Introduction to Operational Risk and Resilience [ORR-1]
Chapter 2. Risk Governance [ORR-2]
Chapter 3. Risk Identification [ORR-3]
Chapter 4. Risk Measurement and Assessment [ORR-4]
Chapter 5. Risk Mitigation [ORR-5]
Chapter 6. Risk Reporting [ORR-6]
Chapter 7: Integrated Risk Management [ORR–7]
Chapter 9. Case Study: Cyberthreats and Information Security Risks [ORR-9]
Chapter 10. “Sound Management of Risks related to Money Laundering and Financing of Terrorism,” Basel Committee on Banking Supervision, January 2014, revised July 2020. (through p.16, para. 83) [ORR-10]
Chapter 11. Case Study: Financial Crime and Fraud [ORR-11]
Chapter 13. Case Study: Third-Party Risk Management [ORR-13]
Chapter 14. Case Study: Investor Protection and Compliance Risks in Investment Activities [ORR-14]
Chapter 16. Case Study: Model Risk and Model Validation [ORR-16]
總結(jié)：上面13個章節(jié)都是新增章節(jié)，考生需要重新進行復習，17-24章內(nèi)容保留了老考綱的內(nèi)容，大約保留了1/3的內(nèi)容，分別是以下內(nèi)容：
Til Schuermann, (2014), “Stress Testing Banks,” International Journal of Forecasting, 30:3, 717–728. [ORR–17]
Chapter 17. Risk Capital Attribution and Risk-Adjusted Performance Measurement [ORR–18]
“Range of practices and issues in economic capital frameworks,” Basel Committee on Banking Supervision Publication, March 2009. [ORR–19]
“Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice,” Board of Governors of the Federal Reserve System, August 2013. [ORR–20]
Mark Carey, “Capital Regulation Before the Global Financial Crisis,” GARP Risk Institute, April 2019. [ORR-21]
Mark Carey, “Solvency, Liquidity and Other Regulation After the Global Financial Crisis,” GARP Risk Institute, April 2019. [ORR-22]
“High-level summary of Basel III reforms,” Basel Committee on Banking Supervision Publication, December 2017. [ORR-23]
“Basel III: Finalising post-crisis reforms,” Basel Committee on Banking Supervision Publication, December 2017, pp. 128-136. [ORR-24]
PART 2 #熱點
1、章節(jié)的變動
保留了Artificial Intelligence/Machine Learning兩篇文章，刪除了6篇文章，新增了6篇熱點文章，關于氣候風險、通貨膨脹風險、區(qū)塊鏈、加密貨幣和去中心化金融。熱點基本上每年都會變動，F(xiàn)RM考試就是緊跟時事變化，貼近現(xiàn)實生活，考FRM對于我們工作和學習幫助都是很大的，想要最新的熱點文章，歡迎咨詢金程老師。
保留的兩篇文章：
Machine Learning and AI
Aziz, S. and M. Dowling (2019). “Machine Learning and AI for Risk Management”, in T. Lynn, G. Mooney, P. Rosati, and M. Cummins (eds.), Disrupting Finance: FinTech and Strategy in the 21st Century, Palgrave, 2019)
“Artificial Intelligence Risk & Governance,” Artificial Intelligence/Machine Learning Risk & Security Working Group (AIRS)
2、具體內(nèi)容的變動
Climate Risk
“Climate-related risk drivers and their transmission channels,” Basel Committee on Banking Supervision Publication, April 2021
“Climate- related financial risks – measurement methodologies,” Basel Committee on Banking Supervision Publication, April 2021
“Principles for the effective management and supervision of climate-related financial risks,” Basel Committee on Banking Supervision Publication, June 2022
Inflation Risk
“Inflation: a look under the hood,” Annual Economic Report, Basel Committee on Banking Supervision Publication, June 2022, pp. 41-64
Blockchain, Cryptocurrency, and Decentralized Finance
David Andolfatto and Fernando M. Martin, “The Blockchain Revolution: Decoding Digital Currencies,” Federal Reserve Bank of St. Louis Review, Third Quarter 2022, pp. 149-65
“The future monetary system,” Annual Economic Report, Basel Committee on Banking Supervision Publication, June 2022, pp. 75-103
2023年FRM考綱有一定的變化，準備參加2023年FRM考試的考生一定要提前了解2023年FRM考綱變動內(nèi)容，每年FRM考綱變動內(nèi)容都容易在FRM考試時考察，所以要提前了解學習。
以上就是【2023年FRM考綱變動內(nèi)容詳細講解！】的全部內(nèi)容，想要了解更多關于FRM相關內(nèi)容，請訪問【FRM考試資訊】欄目！帶你全面了解FRM報名、考試費用、考試動態(tài)、證書等信息！
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