foundation of risk

  1. C

    P1.T1: Chapter 1 - Economic Captial (EC)

    Hi everyone, Economic Capital (EC) was introduced in Chapter 1 as risk capital being used to absorb Unexpected Loss (UL) and is express as multiple of UL. <Page 4> However, when taken into account in relation to RAROC, it was said that EC is a risk measure that includes both UL and Expected...
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