A risk manager in the operations division of a bank has been assigned the task of determining the operational risk capital, adhering to the Standardized Measurement Approach (SMA) as stipulated by the Basel Committee in their March 2016 guidelines. The following data has been supplied by the treasury department as per the SMA requirements:

Business Indicator (Bl): EUR 1,200 million Internal Loss Multiplier: 1

To aid in this calculation, the manager also consults the Business Indicator buckets within the Business Component as detailed in the table below:

Bucket	BI Range	BI Component
1	EUR 0 to EUR 1 billion	0.12*BI
2	EUR 1 billion to EUR 30 billion	EUR 120 million + 0.15(BI - EUR 1 billion)
3	Higher than EUR 30 billion	0.18(BI -EUR 30 billion)

What is the appropriate operational risk capital that the bank must disclose under the SMA?