Financial Risk and
Regulation (FRR^®)

Your registration confirmation email will contain a link to your printable authorization letter.

To register for the course’s final exam, you will need your GARP ID, login e-mail address, and password found in your authorization letter. Select a date and location to take the exam via the Pearson VUE website under the section titled Find a test center, and make your reservation.

Yes. Pearson VUE’s system requires a nine-digit ID code in order to register. To find your registration number, simply add zeroes to the beginning of your GARP ID number until you have a total of nine digits. 

For example, a user with the five-digit GARP ID “12345” would add four zeroes to create the nine-digit number “000012345.”

You will have nine months from the date of your paid registration and a maximum of two attempts to pass the exam. Please note that a second attempt will incur an additional cost of US $175. If you fail both times or do not take the exam within the nine-month registration period, you must re-register and pay another full registration fee.

Should you fail, you will have to wait 30 days to retake the exam. This timeline cannot be expedited, even if it falls outside your nine-month window. Should you fail fewer than 30 days before the expiration of your nine-month exam period, you will be required to register as a new candidate. For this reason, we strongly recommend that you sit for the exam at least two months before the end of your window. Registration for the series cannot be transferred to another candidate.

If you have little industry experience or are not well-versed in banking risk-related issues, we recommend that you spend at least two months reviewing the materials before sitting for the examination.

The electronic exam consists of 80 multiple-choice questions and must be completed in 175 minutes. Questions will be presented randomly and not by category, (e.g. Market Risk, Credit Risk). Exam results will be provided immediately upon completion by clicking on the results button. A passing score for this exam is 54 out of 80 questions (67.5%).

Personal possessions are not permitted in the exam room. This includes calculators, cell phones, smart phones, pens, papers, or books of any kind. Pearson VUE will provide the required items at the test center.

You must bring a valid passport and/or government issued photo ID to sit for the exam. Those who do not provide valid identification will be refused entry. Our Identification Policy will be strictly enforced and all candidates must comply with Pearson VUE test center rules.

You will receive instructions to access a digital certificate on your GARP portal the day following successful completion of the exam.

No. The eBooks and the hard copies cover the same material, so you can study with either format. When you register for the course, you will automatically gain access to the Financial Risk and Regulation eBooks. Hard copies of the books are optional. Please note that the eBooks cannot be printed. If you would like to receive hard copies, select the box for print books on the registration page. Your shipping cost will be calculated and added to the course fee.