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This video lesson from AnalystPrep, a GARP-Approved Exam Preparation Provider, covers the validation of Bank Holding Companies' VaR Models for Market Risk as part of the FRM Part 2 2025 curriculum (Book 1, Chapter 6). Learn essential considerations for assessing the conceptual soundness of VAR models during validation processes, techniques for conducting sensitivity analysis and understanding its benefits and challenges, methods for calculating confidence intervals for VaR and their associated difficulties, and approaches to overcome the challenges in benchmarking VaR models. The 41-minute lesson is designed for financial risk management professionals preparing for the FRM examination.
