请问下，CAMELS 还有其他limitation么？

问题如下：

Viktoria Smith is a recently hired junior analyst at Aries Investments. Smith and her supervisor, Ingrid Johansson, meet to discuss some of the firm’s investments in banks and insurance companies.

Johansson tells Smith that she uses the CAMELS approach to evaluate banks, even though it has some limitations.

One limitation of the approach used by Johansson to evaluate banks is that it fails to address a bank’s:

选项：

sensitivity to market risk.

management capabilities.

competitive environment.

解释：

C is correct.

The approach used by Johansson to evaluate banks, the CAMELS approach, has six components: (1) capital adequacy, (2) asset quality, (3) management capabilities, (4) earnings sufficiency, (5) liquidity position, and (6) sensitivity to market risk. While the CAMELS approach to evaluating a bank is fairly comprehensive, some attributes of a bank are not addressed by this method. One such attribute is a bank’s competitive environment. A bank’s competitive position relative to its peers may affect how it allocates capital and assesses risks.

解析：考察CAMELS方法的内容。分别是Capital adequacy，Asset quality, Management capabilities, Earnings, Liquidity position, and Sensitivity to market risk。