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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

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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 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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