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Value at risk (VaR) is a measure of the
risk of loss for investments.It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in … ABSTRACT. The role of
operational risk in the 2007/2008 financial crisis is explored. The factors that gave rise to the crisis are examined and it is found that although the event is largely regarded as a credit crisis,
operational risk factors played a significant role in fuelling its duration and severity.
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Risk-adjusted return on capital (RAROC) is a
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