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Certified Risk Professional® (CRP)

CRP Examination Prep

The CRP Common Body of Knowledge (CBOK) is used in the development and maintenance of the CRP Core and Specialty examinations. To help you with your exam preparation, you can download this detailed, cross-referenced copy of the CRP CBOK with specific citings to texts and other reference handbooks where information can be found. Please note: These references citings will be updated as new publications and topics are identified.

Detailed Common Body of Knowledge with References

Click here to download the detailed CBOK with cited references.

The questions on the CRP Certification Core and Specialty examinations were developed from an extensive library of references. Many of the references on these lists were cited by item writers when developing questions for use in the examinations. In addition, CRP holders recommended other reference documents. It is not necessary for an applicant to read all the referenced documents in order to pass the CRP examinations. The Common Body of Knowledge should be reviewed and applicants should then determine areas where they feel they need to strengthen their understanding. These reference texts can be used to support this preparatory activity.

In addition, please note that these lists do not represent every reference used to create test items on the examinations and are not a direct or indirect endorsement of the reference material by BAI or the BAI Center for Certification.

Primary References - The CRP Common Body of Knowledge and Core Exams Parts I and II:

Koch, Timothy W. and S. Scott MacDonald. Bank Management, 4th ed. Fort Worth, TX: The Dryden Press, 2000.

Fraser, Donald R., Benton E. Gup, and James W. Kolari. Commercial Banking: The Management of Risk, 2nd ed . Cincinnati, OH: South-Western College Publishing, 2001.

Hempel, George H. and Don G. Simonson. Bank Management: Text and Cases, 5th ed . New York, NY: John Wiley and Sons, Inc., 1999.

Greuning & Bratanovic Analyzing Banking Risk : A Framework for Assessing Corporate Governance and Financial Risk Management (World Bank Monograph Series)

Comptroller's Handbook, Comptroller's Handbook for Asset Management, Comptroller's Handbook for Compliance from the OCC website (OCC. Treas.gov).

COSO Internal Controls - Integrated Framework. AICPA

FDIC Improvement Act of 1991, Section 112

For the Audit Specialty exam, the following are suggested references and sources:

Standards for the Professional Practice of Internal Auditing, Institute of Internal Auditors

COSO, Internal Control - Integrated Framework, AICPA

AICPA Audit & Accounting Guide for Banks and Savings Institutions, AICPA

Control Objectives for Information and Related Technology (Cobit) , Information Systems Audit and Control Association and Foundation

Systems Auditability and Control, IIA

Capital Adequacy Guidelines , Board of Governors of the Federal Reserve System

Duties and Liabilities of Directors , Office of the Comptroller of the Currency

For the Compliance Specialty exam, the following are suggested references and sources:

The Price Waterhouse Compliance Series, IRWIN Professional Publishing

PriceWaterhouseCoopers Regulatory Handbook Series 1998-1999 Editions

The Trust Regulatory Handbook
The Regulatory Risk Management Handbook
The Securities Reporting Handbook
The Regulatory Reporting Handbook
The Consumer Banking Regulatory Handbook

The Commercial Banking Regulatory Handbook The Compliance Link, Publisher: M.E. Sharpe, Inc.

Reference Guide to Regulatory Compliance , American Bankers Association

ABA Bank Compliance Magazine , American Bankers Association

Compliance Audit Manual, American Bankers Association

Winning with CRA: Concepts, Tools and Resources, American Bankers Association

Regulation O: Insider Lending Compliance Guide, American Bankers Association

UCC Article 4A: A Practical Guide for Bankers and Bank Counsel , American Bankers Association

Compliance Sourcebook: A Manual for Implementing and Managing the Compliance Program , American Bankers Association

Federal Reserve System Consumer Compliance Handbook , Board of Governors of the Federal Reserve System

CRP Compliance Specialty test applicants should be familiar with:

Compliance Management
- Setting up a compliance program
- Qualifications of the compliance officer
- Duties and responsibilities of the compliance officer
- Setting up a training program
- Monitoring for compliance

Operations and Deposit Compliance Regulations
- Regulation E - Electronic Funds Transfer Act
- Regulation P - Privacy of Consumer Financial Information
- Children's Online Privacy Protection Act
- Regulation CC - Expedited Funds Availability Act
- Regulation DD - Truth in Savings Act
- Fair Credit Reporting Act
- Right to Financial Privacy Act
- Regulation Q - Internet on Deposits
- Regulation D - Reserve Requirements
- Retail Non-Deposit Investments
- FDIC Deposit Insurance Regulations

Lending Compliance Regulations
- Regulation B - Equal Credit Opportunity Act
- Fair Housing Act
- Regulation C - Home Mortgage Disclosure Act
- Regulation BB - Community Reinvestment Act
- Fair Credit Reporting Act (also applies to deposit regs - see above)
- Regulation AA - Unfair and Deceptive Credit Practices Act
- Regulation Z - Truth in Lending Act
- Regulation X - Real Estate Settlement Procedures Act
- Regulation H - Membership of State Banking Institutions in the Federal Reserve System
- Regulation M - Consumer Leasing Act
- Fair Debt Collection Practices Act
- The Soldiers' and Sailors' Civil Relief Act of 1940
- Homeowner's Protection Act of 1998 - Sections 32 and 33

Meeting the Convenience and Needs of the Community
- Regulation BB - Community Reinvestment Act
- Americans with Disabilities Act
- Branch Closing Policies
- Fair Lending

Safety and Soundness Regulations
- Regulation O - Credit to Bank's Insiders
- Transactions with Affiliates: 23A and 23B (Corporate Governors)
- Bank Secrecy Act (BSA)
- Office of Foreign Asset Control (OFAC)
- Suspicious Activity Reporting (SAR)
- Real Estate Appraisal Regulations
- National Bank Lending Limits

Miscellaneous (if not previously listed):
-Regulations A, F, J, K, L, N, S, U, Y, UCC Art 4, 4a, 5

For the Finance and Accounting Specialty exam, the following are suggested references and sources:

Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities, Financial Accounting Standards Board, June 1998.

GAAP 2002 - Interpretation and Application of Generally Accepted Accounting Principles, Wiley

Basel Committee:Risk Management Guidelines for Derivatives, July 1994

The Group of Thirty: Derivatives: Practices and Principles, July 1993

Christopher L. Culp, The Risk Management Process: Business Strategy and Tactics, Wiley Finance, 2001

Charles W. Smithson, Managing Financial Risk: A Guide to Derivative Products, Financial Engineering, and Value Maximization, Third Edition, Irwin Library/McGraw-Hill, June 1998

For the Treasury/Asset Liability Management and Balance Sheet Risk Reporting Specialty exam, the following are suggested references and sources:

Comptroller's Handbook, Comptroller's Handbook for Asset Management, Comptroller's Handbook for Compliance from the OCC website (OCC. Treas.gov).

Federal Reserve Trading Activities and Capital Markets Manual

Hempel, George H. and Don G. Simonson. Bank Management: Text and Cases, 5th ed. New York, NY: John Wiley and Sons, Inc., 1999.

Greuning & Bratanovic Analyzing Banking Risk : A Framework for Assessing Corporate Governance and Financial Risk Management (World Bank Monograph Series)

Bank for International Settlements, "Amendment to the Capital Accord to incorporate Market Risks", 1996

Fraser, Donald R., Benton E. Gup, and James W. Kolari. Commercial Banking: The Management of Risk, 2nd ed. Cincinnati, OH: South-Western College Publishing, 2001.

Koch, Timothy W. and S. Scott MacDonald. Bank Management, 4th ed. Fort Worth, TX: The Dryden Press, 2000.

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