C错哪了

问题如下：

The CRO of a bank is evaluating the bank’s practices for the management of risk data. The CRO notes that in characterizing various dimensions of the 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 the bank should follow in accordance with the Basel Committee’s principles for effective risk data aggregation and risk reporting?

选项：

A.

The integrity principle recommends that data aggregation be completely automated without any manual intervention.

B.The completeness principle recommends that a financial institution capture data on its entire scope of material risk exposures. C.The adaptability principle recommends that a bank frequently update its risk reporting systems to incorporate changes in best practices. D.

The governance principle recommends that the risk data be reconciled with management’s rough approximations of risk exposure prior to aggregating the data.

解释：

B is correct. The completeness principle recommends that a bank be able to capture and aggregate all data on the material risks to which it is exposed across the organization. This will allow it to identify and report risk exposures, concentrations, and set exposure limits.

A is incorrect. The integrity principle recommends that a bank should be able to generate accurate and reliable risk data to meet normal and stress/crisis reporting accuracy requirements. Data should be aggregated on a largely (but not completely) automated basis to minimize the probability of errors.

C is incorrect. The adaptability principle recommends 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.

D is incorrect. The accuracy principle (principle 7) states that risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated.

Section: Foundations of Risk Management

Learning Objective: Describe key governance principles related to risk data aggregation and risk reporting.

Reference: Global Association of Risk Professionals. Foundations of Risk Management. New York, NY: Pearson, 2022. Chapter 7. Principles for Effective Data Aggregation and Risk Reporting.