Answer: Both I and II

## Explanation **Both I and II are correct** characteristics of a strong risk data aggregation capability. **I. Produce aggregate risk information on a timely basis** - This aligns with the **timeliness principle** from the Basel Committee, which requires that risk information be available when needed for decision-making. **II. Capture and aggregate all material risk data** - This aligns with the **completeness principle** from the Basel Committee, which requires that institutions capture data on their entire universe of material risk exposures. **Key characteristics of strong risk data aggregation:** - **Completeness**: Capture all material risk data - **Timeliness**: Provide information when needed - **Accuracy**: Ensure data reliability - **Adaptability**: Accommodate changing business needs - **Integrity**: Maintain data consistency and reliability Both statements represent fundamental requirements for effective risk data aggregation systems according to regulatory standards and best practices.

Author: LeetQuiz Editorial Team