Financial Risk Manager Part 1
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In characterizing various dimensions of a bank's data, the Basel Committee has suggested several principles to promote strong and effective risk data aggregation capabilities. Which statement correctly describes a recommendation that a bank should follow in accordance with the Basel Committee's principles for effective risk data aggregation and risk reporting?
In characterizing various dimensions of a bank's data, the Basel Committee has suggested several principles to promote strong and effective risk data aggregation capabilities. Which statement correctly describes a recommendation that a bank should follow in accordance with the Basel Committee's principles for effective risk data aggregation and risk reporting?
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A
The integrity principle recommends that data aggregation should be completely automated without any manual intervention.
B
The completeness principle recommends that a financial institution should capture data on its entire universe of material risk exposures.
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