Is the financial crisis covered on the CFAI curriculum?

Has anyone seen coverage in the 2011 material? If so, which level and where?

Do you mean 2010 material? Did not come across it in L2 material, other than an alternative explanation of Liquidity Crisis under ‘Liquidity Conundrum’ chapter. Which I guess was in Fixed Income section. Also, there is a good coverage of valuation of MBS securities, their Prepayment Risks and Credit risks, again under Fixed Income section. It also talks of Credit Default Swap instruments. All this does not talk directly of the Financial Crisis, but knowing above , we can understand the crisis better and piece it together.

Good to know, but I was referring to the 2011 material. I’ll watch for it when I come to the fixed income sections.