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Explanation:
According to the Basel Committee's BCBS 239 framework on Principles for effective risk data aggregation and risk reporting:
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Q.91 The Basel Committee defines risk data aggregation as “defining, gathering, and processing risk data according to the bank's risk reporting requirements to enable the bank to measure its performance against its risk tolerance/appetite.” Which of the following is a correct characteristic of effective risk reporting practices according to the Basel Committee on Banking Supervision?
A
Risk management reports should be accurate and precise.
B
The board and senior management (or other recipients as appropriate) should set the frequency of risk management report production and distribution.
C
Risk management reports should communicate information clearly and concisely and ensure that information is meaningful and tailored to the needs of the recipients.
D
All of the above.