## Question

# Assume that a trader in HSBS has bought EUR 10,000,000 on Feb 03, 2020. Estimate one day VAR with a 95% confidence interval for the

Assume that a trader in HSBS has bought EUR 10,000,000 on Feb 03, 2020. Estimate one day VAR with a 95% confidence interval for the FX position with the Historical Simulation approach. Compose some examples of losses from bank trading operations that demonstrate various realizations of operational risks:

a) Failed internal processes

b) People and systems

c) External events

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### Business Statistics

**Authors:** Norean Sharpe, Richard Veaux, Paul Velleman

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