Seems like a pretty good recollection. When do they publish the paper these days? "Back in my day" the paper was uploaded pretty much the next day so you could over-analyse to your heart's content if you so wished. I thought the paper was ok on balance.
Agree there was a lot of reading to process with some of the questions. Also, if I remember correctly two of the questions were based in same named country, but it wasn't clear to me if we could take the information provided in each question and apply it to both questions. Whether you could or you couldn't then I don't think that was a reasonable thing for the examiners to do. If they intended us to use the info in both then they should have been two parts of one question. If they didn't then they should have used different country names.
The 18 mark question on the risks to the lending bank (only) was a beast. The bank's risks surely don't go much beyond counterparty credit risk. I was able to make more distinct and obviously valid points on some of the 4 mark questions than I could with that one. Maybe we were expected to eke out marks by discussing all the risks that other stakeholders were exposed to and how they might increase the bank's counterparty credit risk?
The final question seemed to make a huge assumption that the financial adviser was a highly numerically literate professional, and not a commission hungry saleman looking for a fast buck. Is this the retail distribution review already in effect! ;-)
Best of luck.
Last edited by a moderator: Apr 29, 2013