Why is GARP® changing the FRM Exam Format?
® is changing the FRM Exam format for several reasons including changes within the finance industry and an urgent increased need for knowledgeable Financial Risk Managers. GARP sent out a letter to all of their members explaining the need for and the decision to change the FRM Exam format. A link to that letter is provided below. http://www.garp.com/frmexam/letter_to_members.aspx • What is exactly changing in the FRM Exam Format? The FRM Exam is going from a singular level, singular season exam to a multi-level, mutli-season exam. Starting in May 2010, the FRM Exam will be offered in both May and November of every year. The exam has also been split into a Level 1 Exam and a Level 2 Exam. You must pass Level 1 before attempting Level 2 and the exams cannot be taken within the same exam window. There are specific topics, registration fees, and exam details for each level of the new FRM Expanded Program. For more information, view our other FAQs above, check out Navigating the 2009 FRM Ex
