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Explanation:
The risk data developed by the RMU should indeed be synthesized and routinely circulated to the appropriate decision-makers. This is because the primary role of the RMU is to create an inventory of risk data that can be used to evaluate portfolio managers and market environments. By circulating this data to the appropriate decision-makers, the RMU ensures that these individuals are equipped with the necessary information to make informed decisions. This process of synthesizing and circulating risk data is crucial in risk management as it allows for
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Q.2517 Unity Bank has an independent risk management unit. The RMU develops an inventory of risk data for use in evaluating portfolio managers and market environments. During an internal meeting, RMU members opined that the use of data must be restricted and should be used exclusively by the RMU. Which of the following statements is correct?
A
The members are correct.
B
This risk data should be synthesized and routinely circulated to the appropriate decision-makers.
C
The development of inventory risk data does not form part of the objectives of the RMU.
D
This risk data should be synthesized and be shown to senior management during Board meetings.