a) Define operational risk? b) Why are operational risk capital requirements difficult to estimate under the AMA approach? In writing your answer you should discuss loss frequency, loss severity, data limitations and the number of calculations necessary

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter19: Pricing Concepts
Section: Chapter Questions
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a) Define operational risk?

b) Why are operational risk capital requirements difficult to estimate under the AMA approach? In writing your answer you should discuss loss frequency, loss severity, data limitations and the number of calculations necessary

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ISBN:
9780357033791
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Pride, William M
Publisher:
South Western Educational Publishing