The International Certificate in Banking Risk and Regulation (ICBRR) is a certification program offered by the Global Association of Risk Professionals (GARP). This program is designed for professionals working in the banking industry who are involved in risk management, regulatory compliance, and other areas related to banking risk and regulation. The ICBRR program is recognized globally as an industry benchmark for banking risk management. This certification is awarded to individuals who demonstrate their knowledge and skills in the field of banking risk and regulation by passing the ICBRR exam.
Exam Objectives:
The ICBRR exam covers a wide range of topics related to banking risk and regulation. The exam objectives include:
- Understanding the principles of banking regulation and supervision
- Identifying and analyzing different types of risks in banking
- Understanding the principles of risk management
- Analyzing credit risk, market risk, operational risk, and liquidity risk
- Understanding the regulatory requirements for capital adequacy and liquidity
- Understanding the role of the Basel Accords in banking regulation
- Analyzing the impact of macroeconomic factors on banking risk
- Understanding the principles of stress testing and scenario analysis
The exam questions are designed to test the candidate's knowledge and understanding of these topics.
Exam Details:
The ICBRR exam is a computer-based exam that consists of 80 multiple-choice questions. Candidates have 2 hours to complete the exam. The passing score for the ICBRR exam is 60%. The exam is delivered through Pearson VUE test centers around the world. The cost of the exam is $750 for GARP members and $1,000 for non-members.
Who should take the exam?
The ICBRR certification is recommended for professionals working in the banking industry who are involved in risk management, regulatory compliance, and other areas related to banking risk and regulation. This certification is especially useful for individuals who are looking to advance their careers in these areas.
Prerequisites and Qualifications:
There are no formal prerequisites for taking the ICBRR exam. However, it is recommended that candidates have some experience working in the banking industry and have a basic understanding of banking and financial markets.
Related Books:
There are several books that can help a candidate prepare for the ICBRR exam. Some of the recommended books are:
- Banking Regulation and Supervision: A Comparative Study of the UK, USA, and Japan by R. S. Talwar
- Principles of Risk Management and Insurance by George E. Rejda
- Financial Risk Management: A Practitioner's Guide to Managing Market and Credit Risk by Steve L. Allen
- Liquidity Risk Management: A Practitioner's Perspective by Leonard Matz and Peter Neu
- Operational Risk Management: A Practical Approach to Intelligent Data Analysis by Ron S. Kenett and Yossi Raanan
These books cover the topics that are included in the ICBRR exam and can help a candidate prepare for the exam. However, it is important to note that these books are not the only source of information and candidates should also refer to other resources such as industry publications, regulatory guidelines, and research papers.
In conclusion, the ICBRR certification is a valuable credential for professionals working in the
banking industry who are involved in risk management and regulatory compliance. To pass the ICBRR exam, candidates should have a thorough understanding of the exam objectives and the related topics. They should also refer to the recommended books and other relevant resources for preparation. By passing the ICBRR exam, candidates can demonstrate their knowledge and skills in the field of banking risk and regulation and enhance their career prospects in the banking industry.