A large fraction of bank's assets and debts in developing countries are usually denominated in foreign currencies (e.g. US dollars, euros). Therefore, fluctuations of the exchange rate is likely to affect their financial wealth. The equity-asset ratio is a usual measure of bank's financial...

We explore the Monte Carlo steps required to reduce the sampling error of the estimated 99.9% quantile within an acceptable threshold. Our research is of primary interest to practitioners working in the area of operational risk measurement, where the annual loss distribution cannot be...