Under the standardized approach to calculating operational risk capital, how many business lines are a bank's activities divided into per Basel II?

Under the standardized approach to calculating operational risk capital, how many business lines are a bank’s activities divided into per Basel II?

Under the standardized approach to calculating operational risk capital, how many business lines are a bank’s activities divided into per Basel II?
A . 7
B . 15
C . 8
D . 12

Answer: C

Explanation:

In the Standardized Approach, banks’ activities are divided into eight business lines: corporate finance, trading & sales, retail banking, commercial banking, payment & settlement, agency services, asset management, and retail brokerage. Therefore Choice ‘c’ is the correct answer.