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After completing this reading, you should be able to:
- Compare three approaches for calculating regulatory capital.
- Describe the Basel Committee’s seven categories of operational risk.
- Derive a loss distribution from the loss frequency distribution and loss severity distribution using Monte Carlo simulations.
- Describe the common data issues that can introduce inaccuracies and biases in the estimation of loss frequency and severity distributions.
- Describe how to use scenario analysis in instances when data is scarce.
- Describe how to identify causal relationships and how to use Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRIs) to measure and manage operational risks.
- Describe the allocation of operational risk capital to business units.
- Explain how to use the power law to measure operational risk.
- Explain the risks of moral hazard and adverse selection when using insurance to mitigate operational risks.
Негізгі бет Operational Risk (FRM Part 1 2023 - Book 4 - Chapter 7)
Пікірлер: 13