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Consider below the excerpt from the article written on the US bank Citigroup:
New York Times, Oct. 7, 2020
Citigroup is fined $400 million over 'longstanding' internal problems.
Two months after one of its bankers accidentally sent nearly $1 billion to the wrong people, Citigroup agreed to pay $400 million to federal regulators over long-running problems keeping its daily operations under control. ... The bank has also had trouble keeping track of the flow of illicit funds through its accounts. Over the past few years, it has grappled with problems in its Banamex USA unit, where prosecutors in 2017 said drug smugglers were using the bank to sneak dirty money into the United States from Mexico.
1. Explain why "keeping track of the flow of illicit funds" is an operational risk.
2. Explain how risk managers could use a Monte Carlo simulation to calculate the value at risk for operational risk.
You are a firm in the highway billboards industry. Your industry is highly concentrated, with a Herfindahl-Hirschman Index of: HHI=3,000. You wish to merge with another firm in your industry, which would cause the HHI index to rise to HHI=3,050. Prov..
If interest rates or opportunity costs of investments, happened to be the same in both developed countries and emerging-economy nations, what could account for faster upward shifts in the latter group’s planned investment functions? Are stocks of pro..
Why would we expect rising risk premiums to occur at the same time a yield curve inverts?
Recently, a large academic medical center determined that 6 of 19 employees in a particular position were female?, whereas 47?% of the employees
Statistical discrimination can only take place if: The division of the occupation struture into "female" occupations and "male" occupations is known as:
Yes?, because the? retailer's claim is between the lower limit of seconds and the upper limit of seconds for the mean wait time.
An agricultural firm has a production function (products of the whole year) given by q=500sqty(SF) q is output of agricultural products in pounds. S is land area in square feet. F is number of farmers working. Find the best way to produce 5000 pounds..
What is the minimum price at which the firm would be willing to supply a positive amount of output in the short run? Label this on your graph.
Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem. How effective has this form of intervention been? Use ..
Identify the least amount the government could spend to get the economy back to full employment. Show your work.
Suppose that during the past year, the price of a laptop computer rose from $2,100 to $2,550. During the same time period, consumer sales decreased from 470,000
How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, suing any set of quantities and prices to make your point. Public housing and public protection are two of many goods that government provides. One is considered a publi..
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