FRM · part
FRM Part 2
Develop applied risk-management knowledge across market, credit, operational, liquidity, treasury, investment, and current risk topics.
50%
Pass mark
Study FRM Part 2 with full FRM access
Choose a paid FRM subscription to unlock the complete Part 1 and Part 2 material.
What FRM Part 2 covers.
FRM Part 2 moves from risk foundations into applied risk management. You will work through market risk, credit risk, operational risk, liquidity and treasury risk, investment management, and current issues.
Learnsignal keeps Part 2 inside the full FRM subscription, so you can revise foundations from Part 1 while preparing for the Part 2 exam.
Learning outcomes
What you'll be able to do.
01
Apply risk-management concepts to market, credit, operational, and liquidity risk.
02
Understand treasury risk, investment risk, and portfolio risk management.
03
Connect current issues to practical risk-management decisions.
04
Prepare with structured lessons and practice resources for the Part 2 exam.
FRM Part 2 syllabus areas.
Market risk and credit risk
Market risk and credit risk
- Market risk measurement
- Credit risk models
- Counterparty risk
Operational, liquidity, and treasury risk
Operational, liquidity, and treasury risk
- Operational resilience
- Liquidity risk
- Treasury risk
Investment risk and current issues
Investment risk and current issues
- Investment management
- Portfolio risk
- Current risk topics
Subscription includes
What's included with your FRM subscription.
One FRM subscription gives access to Part 1 and Part 2 material, with structured lessons, practice resources, and tutor support.
Complete FRM access
Study Part 1 and Part 2 inside one FRM subscription.
Structured video lessons
Work through risk topics with focused lessons and study resources.
Practice resources
Prepare with practice tasks and exam-focused revision support.
Tutor support
Get help when risk concepts, formulas, or exam technique get tricky.
Flexible plan tiers
Choose Standard, Premium, Pro, or Elite access.
One paid launch path
FRM is paid-only at launch; free-tier work is deferred.
Ready to study FRM Part 2?
Choose the FRM plan that fits your timeline and unlock the complete Part 1 and Part 2 material.
See FRM pricing →FRM Part 2 FAQs.
Can I buy FRM Part 2 separately?+
No. FRM launches as one paid subscription that gives access to the complete FRM material.
Does the FRM subscription include Part 1?+
Yes. The FRM subscription includes both Part 1 and Part 2 material.
Ready to start FRM Part 2?
One FRM subscription gives access to the complete Part 1 and Part 2 material.
See FRM pricing →This page was last updated: