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A seasoned risk management professional working at an American financial institution is collaborating with the chief technology officer (CTO) to develop effective procedures for aggregating and reporting risk data in accordance with the Basel guidelines. The CTO wants to understand the potential hurdles they might face given the institution's current practices. Among the observations listed regarding the institution's current methods, which would pose the most significant challenge for the bank in meeting the Basel standards for aggregating and reporting risk data?
A
The bank has been aggregating its data on its risk exposures at the bank-wide level.
B
The bank has been adjusting the frequency of its risk reports to keep pace with changes in financial market volatility.
C
The bank has been expanding the use of artificial intelligence techniques to most of its data analysis processes.
D
The bank has been including all risk types, including the Basel Pillar 1 and Pillar 2 risk types, in its risk reports.