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ank is considering expanding its asset management operations. The main risk is operational risk. It estimates the expected operational risk loss from the new venture
ank is considering expanding its asset management operations. The main risk is operational risk. It estimates the expected operational risk loss from the new venture in one year to be $2 million and the 99.9% worst-case loss (arising from a large investor law suit) to be $40 million. The expected fees it will receive from investors for the funds under administration are $12 million per year and iulu u uusi.rai v (xxis are (XI)(x:L(xl ( ) be $5 u'il lion per y(:ar. si uttale the bcloro i.ax ll L ROC
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