While i was preparing for FRM - PART I i always used to read how part I is the hardest and part II is the easy one. However i have recently started to study and i can say that it is not as easy as i was told. I keep on seeing some bad ass formulas especially in credit risk however at the end of the chapter (Schweser material) they arent mentioned in key concepts which is weird. Anyway can anyone give me an idea as to what are the most important concepts in credit risk so that i can give them more importance
Important points on Credit Risk can be :
Distinguishing credit risk from market risk • Credit policy and credit risk • Credit risk assessment framework • Inputs to credit models