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Amounts per zone should include a small additional amount to actual expected transport cost, to cover for refreshments or unexpected costs for the journey.
But the aim of the charge for operational risk is to cover the unexpected, such as a bomb blast or big losses by a rogue trader.
They cover the unexpected as well as the obvious.
"We've always set out to have enough depth in the group to cover the unexpected," Hansen explained.
Most will have to set aside more to cover the unexpected losses.
The role of health insurance was described in various ways: being covered for healthcare when ill; saving money for illness; and protecting oneself from unexpected events.
Allow for the unexpected.
First: prepare for the unexpected.
They were not prepared for the unexpected.
"Look for the unexpected," he said.
Being prepared for the unexpected is essential.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com