The standardized approach for calculating operational risk capital requirements uses beta factors for a given business line and annual gross income for business lines over a 3-year period. Which of the following business units has the highest beta factor? A. Trading and sales. B. Retail banking. C. Agency and custody

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Chapter9: Responsibility Accounting And Decentralization
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The standardized approach for calculating operational risk capital requirements uses beta factors

for a given business line and annual gross income for business lines over a 3-year period. Which of

the following business units has the highest beta factor?

A. Trading and sales.

B. Retail banking.

C. Agency and custody services.

D. Asset management.

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