Asset Liability Committee (ALCO) of Monash Bank has calculated the following risk weights assets for its exposures for 2020 as follows: RWA credit risk (On- balance sheet) = $ 120 billion, RWA credit risk (Off-balance sheet) = $20 billion. Additional information: Capital charge Capital Charge ($billion) 2 Capital Charge for interest rate (IR) risk for bank book Capital Charge for market Risk 2.5 Capital Charge for securitization Risk 1 Capital Charge for Operational risk 1.5 The current structure of Monash capital shows Common equity Tier1 $ 3 Billion, Cumulative Preference share $ 5 Billion and Subordinated debt (5 years) $8 Billion. The total capital required for Monash bank for 2020 according to BASEL III requirements: OA. 16 billion. OB. $14.70 billion OC. $14.46 million D. $23.69 billion O E. None of the listed options is correct