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Categories of operational risk

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Reference no: EM131081170

The Basel Committee on Bank Supervision has identified 7 categories of operational risk. If a bank would apply the standardized approach to determine operational risk capital a bank's activities need to be divided into 8 business lines.

(a) List the 7 categories of operational risk.

(b) List the 8 business lines under the standardized approach.

Reference no: EM131081170

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