medium · Frm Part 2 Operational Risk
A bank's RCSA process requires a 'Likelihood' score on a 1-5 scale. A specific IT outage risk is estimated to have a 'Mean Time Between Failures' (MTBF) of 20 years.
If the RCSA defines Score 1 as 'once in 30+ years' and Score 2 as 'once in 10-30 years', what is the inherent likelihood score?
- 2
- 1
- 0.05
- 4
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