financial Risk and regulation (FRR)®
FRR Course Overview
Best-Suited For: Mid-Level Risk and Finance Professionals
Years of Experience: 3-5 Years
About the FRR Course
Ideal for finance professionals in risk, auditing, accounting, consulting, compliance, IT, and insurance, the FRR Course illustrates how financial risk impacts assets, institutions and systems, and the global financial infrastructure. The course includes four modules that provide a comprehensive understanding of credit risk, market risk, operational risk, and asset and liability management.
Benefits of FRR Course
Flexibility
The self-study format allows you to learn on your own schedule.
Global Applicability
The course was developed by risk practitioners to reflect the current international standards.
Practicality
Real-world examples and case studies illustrate how the course pertains directly to situations in the workplace.
Certificate
Candidates who successfully complete the course will earn an official GARP-issued certificate.
What’s Included
Enrollment includes nine months of access to an eLearning platform.
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eBook
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eLearning Slides
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Review Questions
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Quizzes
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Exam proctored by Pearson VUE*
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Key Concept Analysis
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Case Studies
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Practice Exam
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Study Guide and Learning Objectives
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Certificate of Completion
FRR Study Materials
FRR printed books and eBooks are included in course registration, with an additional shipping charge for print books. However, they are also available here for separate purchase by individuals not enrolled in the course but interested in learning about these important topics.
FRR Study Guide and Learning Objectives
The FRR Study Guide and Learning Objectives helps candidates self-study for the FRR Exam. It summarizes chapters from the official FRR Books, the number of exam questions per chapter, and associated learning objectives. Successful candidates refer to this document regularly during exam preparation.
FRR Exam Books
Available as eBooks or printed books, the official FRR Exam Books includes four modules that provide a comprehensive understanding of credit risk, market risk, operational risk, and asset and liability management.
Both the eBooks and printed books are non-refundable.
Team Registration
Take advantage of an opportunity to elevate risk management throughout your whole organization. Find out more about the benefits of registering as a team.
Frequently Asked Questions
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Your registration confirmation email will contain a link to your printable authorization letter.
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To register for the course’s final exam, you will need your GARP ID, login email 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.
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Yes. Pearson VUE’s system requires an eight-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 eight digits.
For example, a user with the five-digit GARP ID “12345” would add three zeroes to create the eight-digit number “00012345.”
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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 USD 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%).
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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. The identification must be original, non-expired, government-issued, contains current photograph of candidate and contains candidate signature. Those who do not provide valid identification will be refused entry. This will be strictly enforced, and all candidates must comply with Pearson VUE test center rules.
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You will receive instructions to access a digital certificate on your GARP portal the day following successful completion of the exam.
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Yes. The eBooks and the printed books cover the same material, so you can study with either format. When you register for the course, you will automatically gain access to the FRR eBooks. Please note that the eBooks cannot be printed. If you would like to receive printed copies, select the box for print books on the registration page. Your shipping cost will be calculated and added to the course fee.
Ready to Register for the FRR Course?
Prepare yourself for financial risks in the workplace with our Financial Risk and Regulation (FRR)® Course today!