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Last Updated: Aug 14, 2026

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Information About the GARP 2016-FRR Certification Exam

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What is the Passing Score, Duration & No. of queries for the GARP 2016-FRR:

  • Format of 2016-FRR: All multiple choice
  • Duration: 175 minutes
  • Number of Questions: 80
  • Language: English
  • Passing score: 54/80 (67.5%)

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Reference: https://www.garp.org/courses/financial-risk-and-regulation

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GARP 2016-FRR Exam Syllabus Topics:

SectionWeightObjectives
Financial Services15%- Financial Products and Services
  • 1. Investment products
    • 2. Payment and settlement systems
      • 3. Derivatives and structured products
        - Financial Institutions and Markets
        • 1. Capital markets and instruments
          • 2. Banking sector
            • 3. Insurance and asset management
              Emerging Markets15%- Regulatory and Market Practices
              • 1. Local regulatory frameworks
                • 2. Market development and integration
                  - Characteristics and Risks
                  • 1. Unique risk factors
                    • 2. Economic and political environment
                      - Risk Management Challenges
                      • 1. Cross-border risk issues
                        • 2. Governance and infrastructure
                          Risk Management50%- Risk Measurement and Management
                          • 1. Risk modeling and assessment
                            • 2. Quantitative methods
                              • 3. Risk mitigation and control
                                - Foundations of Risk Management
                                • 1. Risk governance and culture
                                  • 2. Risk concepts and frameworks
                                    • 3. Enterprise Risk Management (ERM)
                                      - Types of Risk
                                      • 1. Operational risk
                                        • 2. Model risk
                                          • 3. Credit risk
                                            • 4. Market risk
                                              • 5. Liquidity risk
                                                Regulation, Supervision, Reporting and Management20%- Global Regulatory Frameworks
                                                • 1. Basel Accords
                                                  • 2. International standards and guidelines
                                                    - Reporting and Disclosure
                                                    • 1. Transparency and disclosure
                                                      • 2. Risk reporting requirements
                                                        • 3. Financial reporting standards
                                                          - Supervision and Compliance
                                                          • 1. Regulatory requirements
                                                            • 2. Compliance management
                                                              • 3. Supervisory processes

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