Risk management is an important feature of the CFA® exams. Since many candidates work for or aspire to work for banks, an understanding of credit risk is critical, simply because credit risk is the main risk-exposure element of the vast majority of banks in any country.
Read MoreIt is important for CFA® charterholders and candidates to understand the foundations of global banking regulation, currently within the framework of Basel III. This third iteration of the framework has built upon Basel I and II by mandating reinforced and stronger capital ratios and higher-quality capital, and supplementing capital requirements with leverage ratio and minimum liquidity requirements.
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