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SECURE 2.0 surprise: The ROTH catch-up contribution and ROTH employer match proposal
Congress proposes building on the Secure Act of 2019, with a list of changes to U.S. tax-qualified retirement plans, including catch-up contributions.
In this paper we look at the common industry practices regarding operational risk modelling and explore the problems with frequency-severity models. We also look at an alternative approach in the form of causal modelling and how this can overcome some of the issues encountered with more traditional modelling techniques. We also discuss development areas in the field of operational risk modelling for consideration.
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