Steve Jobs
Active Member
Is RAROC calculated to accept/reject a project/loan? (as it seems to be)
Or is it that RAROC is set my management to calculate economic capital? (as of last point in page 3 of BT notes for Crouhy Ch 14)
I apologize if it's too naive question.
Or is it that RAROC is set my management to calculate economic capital? (as of last point in page 3 of BT notes for Crouhy Ch 14)
I apologize if it's too naive question.
