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  III:Operational and Integrated Risk Management
  Weight
  Level II Exam Weight:20%
  Full Exam Weight:10%
  9 Main Points
  Definition of risk capital
  Allocation of risk capital across the firm
  Firm-wide risk measurement and management
  Correlations across market,credit,and operational risk
  Evaluating the performance of risk management systems
  Regulation and the Basel II Accord-Minimum capital requirements
  Implementation and model risk
  Liquidity risk
  Economic capital and risk aggregation