What is the difference between FRM Part 1 and Part 2?
I'm curious, can you explain to me the key distinctions between the Financial Risk Manager (FRM) Part 1 and Part 2 exams? I understand they cover different aspects of risk management, but I'm looking for a more detailed breakdown of the content and scope of each part. Are there any prerequisites for taking one before the other, or can they be attempted in any order? Additionally, what are the main challenges candidates typically face in each part, and how can they best prepare for these exams?