Question 99 Suppose Small Bank has booked a loan with the following characteristics: total commitment of $3 million, of which $2.5 million is currently outstanding. The bank has assessed an internal credit rating equivalent to a 2% default probability over the next year. The bank has additionally estimated a 45% loss given default (LGD). What is the expected loss for Small Bank? | Financial Risk Manager Part 1 Quiz - LeetQuiz