Mnemonics / Cheat Sheet

These always helped me big time for levels 1 and 2, and with one month left, its time to start compiling. Please post your favorite mnemonics/simple rules/ways to remember the endless amount of crap on CFA 3. I’ll start with one I found in an old topic.

Risk factors that should be incorporated into an ERM:

Melty Liquid Chocolate SMORS

Financial Factors:

Market Risk Liquidity Risk Credit Risk


Settlement Risk Model Risk Operational Risk Regulatory Risk Soveriegn Risk

Accounting risk is a non-financial risk.