VaR v CTE (Sample-9)
I'm struggling to understand the rationale behind the use of CTE in IFRS17 Sample Question 9.
What are the advantages of CTE to VaR in this situation?
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I'm struggling to understand the rationale behind the use of CTE in IFRS17 Sample Question 9.
What are the advantages of CTE to VaR in this situation?
Comments
You can just state any of the general advantages of CTE vs VAR. Coherence, subadditivity, etc. This is more an Exam 7 question tbf