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Revisions to the current RBC formulas for calculating basic operational risk are exposed comment period of 45 days. The changes involve adding lines in the 2018 RBC blank to bring forward the C-4a RBC of life insurance subsidiaries into the Parent's RBC report as an offset to basic operational risk. In addition, two questions are part of the exposure. The structural changes and two accompanying questions are included in the exposure. Comments should be sent to Lou Felice by Thursday, November 30, 2017.

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Contacts

Operational Risk (E) Subgroup

 

2017 Charges

  1. Evaluate options for developing an operational risk charge in each of the risk-based capital (RBC) formulas and provide a recommendation to the Capital Adequacy (E) Task Force as to treatment of operational risk in the RBC formulas.

2018 Proposed Charge

The Operational Risk (E) Subgroup will:

  1. Evaluate options for developing an operational risk charge in each of the risk-based capital (RBC) formulas and provide a recommendation to the Capital Adequacy (E) Task Force as to treatment of operational risk in the RBC formulas. Complete by the 2018 Summer National Meeting.