Practice Question Set: Risk Data Aggregation and Reporting Principles

Topic Progress:

Chapter 7. Risk Data Aggregation and Reporting Principles Practice Question Set contains 11 pages covering the following learning objectives:

* Explain the potential benefits of having effective risk data aggregation and reporting.

* Describe the impact of data quality on model risk and the model development process.

* Describe key governance principles related to risk data aggregation and risk reporting practices.

* Identify the governance framework, risk data architecture and IT infrastructure features that can contribute to effective risk data aggregation and risk reporting practices.

* Describe characteristics of a strong risk data aggregation capability and demonstrate how these characteristics interact with one another.

* Describe characteristics of effective risk reporting practices.

* Describe the role that supervisors play in the monitoring and implementation of the risk data aggregation and reporting practices.

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