Operational Risk charge in solution
Hi instructors,
I would like to ask for the solutions such as 2019 Spring Q13c, are we supposed to assume that operational risk charge has been accounted for and should solve according to that assumption? I see that this and most of the solutions have ignored this risk charge. Is this because this is something new? And I would presume if I assumed ops risk charge exist, I would be given full credits?
Thanks
Regards,
Darren
Comments
Yes, cat risk and operational risk are new since 2019. This is explained in the Study Tips:
https://battleacts6us.ca/wiki6us/Odomirok.19-RBC#Study_Tips:~:text=review%20of%20topic-,Study%20Tips,-BattleActs%20Coffee%20Mug