Does anyone have this FRM certificate? How tough was the exam? They show only about a 51% pass rate. ___________________________ http://www.garp.com/frmexam/frmexamfaq.asp The Financial Risk Manager (FRMÂ®) exam, launched in 1997, is recognized as the world's most prestigious global certification program for Financial Risk Managers. The FRM measures a candidate's ability to dynamically manage financial risk in real-world settings.