Although there are new readings and learning objectives added to the study guide each year, there are also some that remain the same or are removed. These learning objectives outline specific areas of each reading. Risk Management & Investment ManagementĮach reading in the FRM study guide includes learning objectives, which provide an overview of the content that will be tested on the FRM exam.Liquidity and Treasury Risk Measurement & Management.Operational & Integrated Risk Management.Part 1 includes four topics and Part 2 includes six topics. Each part of the study guide consists of topics and readings. The FRM study guide is updated each year by the GARP® committee and consists of learning objectives relevant to both Parts 1 and 2 of the FRM exam.
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