A bank has the following history of financial results: 2012: Income = $5.3bn...
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Accounting
A bank has the following history of financial results:
2012: Income = $5.3bn Expenses = $4.6bn
2013: Income = $5.5bn Expenses = $4.8bn
2014: Income = $5.8bn Expenses = $5.2bn
Assuming the bank uses the Basic Indicator Approach, what is the minimum amount of regulatory capital it needs to allocate for operational risk losses in 2015?
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