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Exam Code: CFA-Level-II Practice exam 2022 by team
CFA-Level-II Chartered Financial Analyst Level II (CFA Level II)

Exam Code : CFA-LEVEL-II
Exam Name : Chartered Financial Analyst Level II
The chartered financial analyst (CFA) professional designation is offered by the CFA Institute—a global association of investment professionals—to people who successfully complete its exam. The exam is comprised of a set of three exams that become increasingly difficult and more complex. Each exam has a different set of concepts and questions the student must answer. The exams test students on their comprehension, knowledge, and analysis on a series of different syllabus like accounting, economics, ethics, money management, and security analysis.

Exams are typically offered every June at different centers around the world. For the latest updates on exam dates, candidates should monitor the CFA website. Candidates are required to meet a minimum score to pass each level. Those who don't pass are provided with information compared to others who didn't pass. They are able to take the exam again.

Similar to Level I, Level II also contains multiple choice questions. However, the questions are grouped into mini-cases called item sets. Each item set consists of a case statement followed by four or six multiple choice questions. There are a total of 21 item sets—10 in the morning session and 11 in the afternoon session. Candidates are required to use the information provided within each item set in the case statement to answer the questions.

Anyone who wishes to complete the exam must have a bachelor's degree or equivalent education and must have passed the CFA Level I exam. Test takers must also have three years' worth of qualifying work experience prior to taking the exam. Candidates are given six hours to complete the exam. The cost to enroll varies annually—as does the passing score—and depends on when they enroll. exam results are usually provided to candidates within 60 days.

For the Level I exam, the course focus is on investment tools, with relatively less focus on asset valuation and portfolio management. For Level II, though, the course focus shifts more toward asset classes, although the investment tools are still weighted rather high. In terms of learning, the Level II exam focuses on the application and analysis of concepts learned in Level I.

The curriculum consists of 10 syllabus that are grouped into four areas:
Ethical and Professional Standards
Investment Tools
Asset Classes
Portfolio Management and Wealth Planning
The following table shows the weightings of these syllabus and broad areas for the Level II exam.

Topic Area Level II
Ethical and Professional Standards (total) 10 Investment Tools (total) 30-60
Corporate Finance 5-15
Economics 5-10
Financial Reporting and Analysis 15-25
Quantitative Methods 5-10
Asset Classes (total) 35-75
Alternative Investments 5-15
Derivatives 5-15
Equity Investments 20-30
Fixed Income 5-15
Portfolio Management and Wealth Planning (total) 5-15
Total 100

Ethics and Professional Standards
This section covers the code of ethics, professional standards and the global investment performance standards. Ethics is one section that is equally important in all of the three levels. The questions will be aimed at the application of the seven standards in professional situations. Other important syllabus are the soft dollars and Research Objectivity Standards (ROS).

Quantitative Methods
You can expect about one to two item sets from the quantitative section. The case statement will most likely present data regression, and ask you to analyze and interpret the data. You may even be asked to calculate some key metrics based on the data provided.

Similar to the course above, economics is also a small section in Level II. You can expect one item set for this topic. You need to have a good conceptual knowledge of economics, as many of these concepts can be tested along with other topics. One important concept is foreign exchange, and you are likely to be tested on the application of its concepts.

Financial Reporting and Analysis
Financial reporting and analysis represent a large portion of the exam. You can expect about four to five item sets from this section. The important concepts are accounting for inventories, accounting for long-lived assets, accounting for leases, inter-corporate investments, accounting for acquisitions, variable interest entities (VIEs), and financial reporting quality.

You are more likely to be asked item set questions based on a combination of these concepts. You need to learn the processes and principles and practice their application thoroughly. Understanding the nuances and differences in IFRS and U.S. GAAP is critical.

Corporate Finance
Corporate finance is an important but easy-to-handle subject. The concepts in corporate finance are linked with the financial reporting and equity sections. So, the questions may be combined with material from the other sections. The key concepts include capital budgeting, capital structure, dividend and repurchase policy issues, corporate governance, and mergers and acquisitions.

Portfolio Management
You can expect one or two item set questions from portfolio management. The material in this section is huge, and it may be wise to keep this section for the end. Remember that the portfolio management material will get deeper in the Level III exam, so it's a good idea to have a general understanding of concepts here. You will be tested on portfolio theory, market efficiency, and asset pricing concepts.

Equity Investments
Equities is an important section for financial analysts and you can expect about four to five item set questions from equities. There is a lot of material on equity analysis and valuation methods. Note that the equity section is heavy on formulas and you may be asked to perform formula-based calculations and interpretations.

Fixed Income
Fixed income is a small, yet important part of the exam that is quite similar to the corporate finance section. Given the accurate financial crisis, this section has become even more important. You can expect one or two item sets on this topic. Like equity investments, fixed income is also heavy on formulas and some of the concepts are quite complex. Key concepts include credit analysis, term structure, bonds, mortgage-backed securities (MBSs), and their valuation.

This is a more challenging section and you can expect at least two item set questions from derivatives. The material covers futures and forwards, options, and swaps. Within derivatives, you should be familiar with currency forwards, interest rate futures and forward rate agreements. In options, you need to understand the options strategies and the models for pricing option contracts. In swaps, you should be able to interpret a swap transaction and figure out the cash flows to the parties involved.

Alternative Investments
This section covers asset classes other than equity and fixed income. The three asset classes, which are a part of the CFA curriculum, are real estate, hedge funds, and private equity. There will be one or two item sets questions from this section. This is a relatively easy section and can help you get that additional score without getting into complex stuff.

Chartered Financial Analyst Level II (CFA Level II)
Financial Chartered reality
Killexams : Financial Chartered reality - BingNews Search results Killexams : Financial Chartered reality - BingNews Killexams : GBA Business Confidence Index continues to drop

Hong Kong rebounds, financial services sector shows resilience

HONG KONG, Oct 17, 2022 - (ACN Newswire) - Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the "GBA Business Confidence Index" (GBAI) for the third quarter of 2022. It shows that the current performance for "business confidence" weakened for a fifth straight quarter in Q3 to 41.3 from 43.3 in Q2, reflecting a more challenging reality as both external (rising interest rates and recession risk) and domestic (COVID disruptions and a weak housing market) headwinds worsened in accurate months.

This in turn prompted corporates to turn more cautious towards the Q4 outlook - the expectations index for business activity fell 2.6 points to 49.9 in Q3 from 52.2 in Q2, below the 50-neutral mark for the first time in nine quarters, indicating there is little hope of a swift pick-up momentum.

Meanwhile, among the 11 cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Hong Kong (up 2.8 points to 42.5) and Guangzhou (up 0.9 point to 44.6) were the only two reporting improvements in their "current performance" sub-index. Hong Kong was the only city showing growth in the "expectation" sub-index (up 3 points to 46.3).

"With the accurate relaxation of quarantine rules for inbound visitors, we expect Hong Kong to remain on a recovery path in the coming quarters," said Kelvin Lau, Senior Economist, Greater China, Standard Chartered. "That said, a recovery is likely to be modest, given the intensifying external (looming recessions in the West and a slowing China) and domestic (higher interest rates and a weak housing market) drags."

Financial services sector improves while tech plunges

Financial services was the only industry sector that saw improvements in both the "current performance" (up 7.9 points to 47.3), and "expectations" (up 9.1 points to 51.5) sub-indices. The sector likely benefited from accurate policy easing, be it via the lowering of banks' own borrowing costs or relaxation towards the real-estate sector, which could help banks mitigate some of the related downside risks to asset quality and loan growth.

Tech companies saw the biggest plunge in the "current performance" and "expectation" sub-indices, falling 10.7 points to 39.6 and down 15.3 points to 46.0, respectively. "Slowing consumer demand, strong capacity growth and high inventories globally, coupled with lingering domestic concerns stemming from prior regulatory tightening, likely explained the sharp fall," Mr Lau added.

COVID disruption lessens

The GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services, and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.

About half (49%) of the respondents said they have been affected by the pandemic in accurate months in terms of transportation and/or logistics disruption, but more than 90% said China's accurate shortening of the quarantine period for inbound travellers would help Strengthen business. Over 80% said China's real-estate downturn would have limited or no impact on the overall economy. Meanwhile, most of the respondents said the impact of a potential reduction in US-China trade tariffs would be minimal, as any tax cut is likely to be small in scale and scope.

Asian markets outperform

The survey found that respondents have become more cautious regarding the market outlook and have broad-based growth concerns. Irina Fan, Director of Research, HKTDC, said respondents remained relatively upbeat regarding the outlook in Asian markets. Mainland China saw the highest share of gross positive responses, followed by Hong Kong and Macao, as well as the Association of Southeast Asian Nations (ASEAN) bloc.

"We expect the GBAI will rebound gradually when the pandemic subsides and business activities are able to fully return to normal. Yet, economic headwinds, lukewarm demand, fluctuating global markets and rising costs remain the key challenges ahead."

Related materials
- Standard Chartered GBA Business Confidence Index Report:
- HKTDC Research:
- Standard Chartered Annual GBA Client Survey:
- Photos download:

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world's most dynamic markets, and serving clients in a further 83. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India. The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR's three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC. For more stories and expert opinions please visit Insights at Follow Standard Chartered on Twitter, LinkedIn and Facebook.


The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Corporate Affairs Department
Standard Chartered Bank (Hong Kong) Limited
Lilian Goh
Tel: +852 3843 0341

Communications & Public Affairs Dept
Hong Kong Trade Development Council
Beatrice Lam
Tel: +852 2584 4049

Source: Standard CharteredHKTDC

Copyright 2022 ACN Newswire . All rights reserved.

Sun, 16 Oct 2022 21:42:00 -0500 text/html
Killexams : New York Financial Regulator Wants to Lead on Crypto, Climate Change

The head of New York’s financial regulator is looking to use the state’s role as a financial-services leader to help set the regulatory agenda nationwide, with a particular focus on bringing order to the cryptocurrency industry.

New York’s financial regulator, which oversees insurance companies and state-chartered banks, already plays an outsize role in financial services, with many other states following its lead on regulation and enforcement. Ms. Harris seeks to bring that leadership role to other areas, including crypto and climate change.

Ms. Harris, who left a teaching job at the University of Michigan’s Gerald Ford School of Public Policy to take the NYDFS role, is the first person of color to hold the superintendent position. She served as a senior adviser at the Treasury Department and as head of an Obama administration financial task force. She then became general counsel and chief business development officer of real-estate-technology startup States Title, now called Doma Holdings Inc.

The superintendent said she has helped the NYDFS secure full funding for the first time since it was formed in 2011. The state government, which sets the agency’s funding, has recommended a fiscal year 2023 budget of $480.8 million for the NYDFS, up 2.4% from the previous fiscal year.

The agency, which employs about 1,300 people, has hired 110 workers since January, including in its insurance and banking units, and has more than 270 job openings, according to Ms. Harris. The agency also has hired more than 25 people this year in its virtual-currency unit to regulate the industry.

One major focus for Ms. Harris is regulating emerging financial-services products, including cryptocurrency. Her agency, which supervises 31 crypto companies, in August took its first enforcement action involving the sector, imposing a $30 million fine on the cryptocurrency trading unit of online brokerage Robinhood Markets Inc. for alleged violations of anti-money-laundering and cybersecurity regulations.

The Wall Street Journal spoke with Ms. Harris in her agency’s Wall Street office to find out what prompted her to take on this role and her priorities there. Edited excerpts follow.

WSJ: What drew you to this position?

Adrienne Harris: I’ve been doing a lot of work around financial technology because I felt like, in our response to the financial crisis, we were fixing a lot of stuff that needed to be fixed, but we were still very backward-looking—and you need to be forward-looking. There’s all this change happening and I was super-interested in how the laws were going to work with these new instruments and products. So when the [Obama] administration ended…I moved to California to start an insurtech firm…Once the company had scaled, I took advantage of a great opportunity to teach grad school at the University of Michigan.

WSJ: What are some of your goals for the agency?

Ms. Harris: The department has been under-resourced. One of my goals has been to make sure this place is resourced the way it should be—it’s the financial capital of the world and its regulator should have the resources to reflect that…We are hiring like mad across the board.

One of the benefits of being a state regulator is that you can move fast and be nimble; you can respond to changes in the marketplace. And I think you’ve seen that from us: With crypto, we got stablecoins guidance that has reserve requirements. We were able to do that quickly, while others are still battling it out about who has jurisdiction. And because we’re the financial capital of the world, it’s meaningful.

WSJ: What’s your approach to regulating cryptocurrency?

Ms. Harris: New York had banking law in the state before there was a national banking law, and that’s why Wall Street was here—because the rules of the road here were clear. And I think the same is true for crypto. There was more crypto investment in New York companies than even in Silicon Valley companies, and I think it’s because there are clear, rigorous rules of the road here. And we can make rules, we can issue guidance, we supervise and examine, and we can bring enforcement and so that attracts the good actors and it attracts the industry that wants to be here, in the financial capital.

It’s not a secret about how long it takes us sometimes to license a company, or to approve a new product, but speed is not the right metric. It’s important that we’re operationally efficient and we’ve been doing a lot around process management and improvements.

But think about the crypto winter and all the money that people lost when these companies went under. If speed was the metric, a regulator might have licensed a company that then went under two weeks later, [but] we didn’t have that problem because we have a deliberate approach about the Bank Secrecy Act, about cyber. So [we] may not be as fast as people like, but we get the answer right.

We have to say to companies that this is not a “check the box” exercise. This is about risk management. Show us that you are equipped to manage the risk of the products you are offering; show us that you have the right consumer disclosures.

We’re currently working on virtual-currency guidance for banks. Where some regulators have said, “No, banks, don’t engage in this at all,” we’ve taken a more realistic view of, “This is where the market is headed.” Let’s lay out clear regulatory expectations [for those] that want to engage in the space.

WSJ: What are some of your other regulatory priorities?

Ms. Harris: We’ll soon issue our banking climate guidance…It’s a very data-driven approach to risk mitigation, operational resiliency for our regulated banks…It was important to me that it was not an ideological document because I think as a state we can move quickly and hopefully then become a model for other states, whether they’re red, blue or purple.

The other thing that we’ve done is really calling out the tension between climate goals and fair-lending and equity goals. One of the worst things we could do is say, here are climate regulatory requirements and that causes a bank, for instance, to not lend in the area in Queens that was impacted by [Hurricane] Ida. That’s not a good policy outcome.

More From Risk & Compliance Journal

Write to Mengqi Sun at

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Thu, 13 Oct 2022 20:30:00 -0500 en-US text/html
Killexams : SmartCentres REIT Announces Appointment of Chief Financial Officer

SmartCentres Real Estate Investment Trust

TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today its appointment of Mr. Peter Slan as Chief Financial Officer, effective October 24, 2022.

Peter Slan has been in real estate finance and banking for over 29 years through his various roles prior to Scotiabank and Ernst & Young LLP. Mr. Slan joined the Real Estate Investment Banking group at Scotiabank in 1998. He spent 12 years in Investment Banking and Equity Capital Markets, including both REITs and other investment trusts. He spent six years as Scotiabank’s Senior Vice President of Finance, with responsibilities for Investor Relations, Sarbanes-Oxley and other areas. Most recently, he served as Vice Chair of Scotiabank’s Global Wealth Management business. Prior to Bank of Nova Scotia, Mr. Slan worked for Ernst & Young LLP as a Chartered Professional Accountant focusing primarily on real estate clients. In additional to being a CPA, Mr. Slan also holds an MBA degree from the Rotman School of Management at the University of Toronto.

“We are pleased to welcome Peter to SmartCentres and confident that he will add value to our organization,” noted Mitchell Goldhar, Executive Chairman and CEO of SmartCentres.

“I am delighted to be joining a first-class organization like SmartCentres,” said Mr. Slan. “SmartCentres is one of those rare organizations that has kept its entrepreneurial roots while maintaining strong institutional disciplines. I am excited to participate in the next phase of the company’s growth,” added Mr. Slan.

About SmartCentres

SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 174 strategically located properties in communities across the country. SmartCentres has approximately $11.7 billion in assets and owns 34.7 million square feet of income producing value-oriented retail and first-class office space with an occupancy of 97.6%.

For more information, visit or please contact:

Mitchell Goldhar
Executive Chairman and CEO
(905) 326-6400 ext. 7674

Mon, 17 Oct 2022 03:47:00 -0500 en-US text/html Killexams : Reality check for investors in Asia

There’s never a good time for bad news, be it the energy shock, China’s economic slowdown, big geopolitical tremors or central banks falling behind the inflation curve. In 2022, markets have had to adapt to – and navigate around – these disruptions and myriad others.

Investors face daunting visibility challenges as virtually everything that they thought they knew about the road ahead goes awry all at once. These visibility challenges make it hard to assess the true health of balance sheets – and to know which companies’ shares to buy or sell.

This disorientation is muddying once-sacrosanct relationships between bond yields, currencies, stock valuations and the health of bank balance sheets.

Where to turn? Euromoney Market Leaders rankings are here to fill the intelligence void across Asia. This new accreditation programme, unveiled this year, is a comprehensive and dynamic ranking of banking and finance names across a host of sectors and key themes – all presented at a country level.

The ranking process is a meticulous and rigorous one, drawing on Euromoney’s 25 years of evaluating institutions around the world.

Thu, 06 Oct 2022 20:27:00 -0500 en text/html
Killexams : Standard Chartered Partners Airtel Africa to Drive Financial Inclusion Across Africa

Standard Chartered Bank and Airtel Africa have Wednesday announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.

Through the collaboration, Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services and, ultimately, better serve people across Africa. In line with this, Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets, and access savings products amongst other services.

Standard Chartered’s corporate clients will also be able to make rapid and secure bulk disbursements, such as payroll payments, directly into the Airtel Money customers wallet. This reduces the risks associated with travelling long distances for cash payments and instead customers can go to any Airtel Money agent, kiosk, or branch to cash-out their funds.

Commenting on the collaboration, Sunil Kaushal, Regional CEO, Africa and Middle East said: “By collaborating with innovative organisations like Airtel Africa, we are accelerating our mobile and digital-led strategy to provide best in class financial services to Africa. Over the past year, Standard Chartered has rapidly launched digital banks across 9 countries on the continent, allowing our customers to enjoy seamless services from the safety of their homes even during the peak of the pandemic. This partnership will further enhance the ability of our customers to manage and move money safely and securely and create market-leading financial solutions across countries.”

The accurate announcement is another step taken by Standard Chartered to further extend its reach and enhance its unique produce offering. By partnering with mobile wallet providers, the bank has expanded its network into markets where mobile wallets are prevalent, offer solutions that enable corporate and institutional clients to leverage the opportunities presented by mobile money, and enable efficient, scalable e-commerce and m-commerce solutions.

This partnership supports Airtel Africa’s efforts to expand the range and depth of its Airtel Money offerings across its 19 million customer base, with new products and services helping to promote the wider adoption of mobile money and increasing financial inclusion.

Raghunath Mandava, CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services. We continue to invest heavily in cashing in and cashing out locations for our customers and increase our distribution. This means that our customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience. This highlights Airtel Africa’s commitment to providing affordable, innovative, best-in-class solutions to enhance the daily lives of our customers.”

Mobile banking transfers between Airtel Money and Standard Chartered Bank are now live in Kenya, Tanzania, Uganda and Zambia. Remaining products will be rolled out later this year subject to regulatory approvals.

Sat, 15 Oct 2022 12:00:00 -0500 en-US text/html
Killexams : Punter Southall Aspire promotions strengthen Chartered financial planning and employee benefit consulting

Danny Stiles has been promoted to Director, Head of Client Servicing Financial Planning, in a new role that brings together financial planning, administration, and planning functions.  He was formerly Director of Financial Planning and Client Support. Based in Poole, Danny will lead the team and focus on delivering a more integrated and efficient service for clients.

Alison Regan has been promoted to Director, Head of Client Servicing, Employee Benefits, and will oversee all client services from her role as Director, Client Servicing (North), Employee Benefits.  Based in Edinburgh, she is responsible for the development of team members, overseeing work to meet client and business expectations as well as change management projects within the EB business.

And adding to the team of financial planners with Chartered status is Lorraine Jones-Knott, based in Poole, who achieved the qualification while continuing to advise clients.

Bryan Parkinson, Managing Director, Financial Planning at Punter Southall Aspire, said: “We have promoted Danny and Alison to oversee the evolution of our expanding business across the board for the benefit of both private and corporate clients.

“Chartered status means we’re recognised in going the extra distance for our financial planning clients. Well done, Lorraine, for her fantastic efforts which exemplify the first class service her and our colleagues deliver.”

Wed, 12 Oct 2022 20:43:00 -0500 en text/html
Killexams : Standard Chartered

Copyright: Getty Images

Standard Chartered has confirmed it has temporarily suspended branch operations in the Admiralty area in Hong Kong until further notice.

"To ensure safety of staff and customers, Standard Chartered Bank (Hong Kong) Limited announced that it has suspended the operations of the two branches in Admiralty due to severe traffic disruption in the area," the bank said in a statement.

"Banking services in Admiralty district, including branch services, cheque deposit service, ATMs and cash and deposit machines, are temporarily suspended until further notice."

The branches affected include Admiralty Branch and Admiralty Priority Banking Centre, it said.

A bank spokesperson added: Safety of our staff is always our top priority. We have reminded our staff members to stay vigilant and flexible in work arrangement to ensure their safety.”