
Explanation:
Principle 6 of the BCBS 239 principles for effective risk data aggregation and risk reporting relates to Adaptability. It states that a bank should be able to generate aggregate risk data to meet a broad range of on-demand, ad hoc risk management reporting requests, including requests during stress/crisis situations, requests due to changing internal needs and requests to meet supervisory queries.
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Q.71 Xiao Bing, head of compliance at OceanAsian Bank, quoted a key governance principle related to risk data aggregation provided by the Basel Committee, which states that “a bank should be able to generate aggregate risk data to meet a broad range of on-demand, ad hoc risk management reporting requests, including requests during stress/crisis situations, requests due to changing internal needs and requests to meet supervisory queries”. Which of the following principles is Bing referring to?
A
Accuracy and Integrity
B
Completeness
C
Adaptability
D
Timeliness
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