A trader inadvertently booked a trade with incorrect information. A subsequent market move resulted in a gain
to the bank. Should the bank include this amount of gain into its operational loss event data program?
I. The bank should include this gain in its operational loss event data program as a gain realized due to
operational risk events.
II. The bank should include this gain in its operational loss event data program as it indicates that a control
failed or a process is flawed.
III. The bank should include this event in its operational loss event data program and record the gain as a loss
resulting from operational risk.The bank should not include this event in its operational loss event data
program as it is not a loss event, but a market risk event.

What is the order in which creditors and shareholders get repaid in the event of a bank liquidation?

Which one of the following four statements about planning for the operational risk framework is
INCORRECT?

Which one of the following four statements does identify correctly the relationship between the value of an
option and perceived exchange rate volatility?

Which of the following measure describes the symmetry of a statistical distribution?