OSFI Requires That Operational Risk Be Measured for the Purpose

question 66

True/False

OSFI requires that operational risk be measured for the purpose of meeting overall capital adequacy.

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Definitions:

Unusual Behavior

Actions or reactions that deviate significantly from what is considered normal or typical within a given culture or society.

Mental Disorder

A wide range of conditions that affect mood, thinking, and behavior, often diagnosed according to guidelines based on symptoms, distress, and impairment of functioning.

Insanity

A legal term for a mental disorder of such a severe nature that a person cannot distinguish fantasy from reality, cannot conduct her/his affairs due to psychosis, or is subject to uncontrollable impulsive behavior.

Body Art

A form of self-expression that involves decorating, altering, or modifying the human body through practices such as tattooing, piercing, and body painting.