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FRM Part I · FRM Exam Part I · Principles for Effective Data Aggregation and Risk Reporting

Which of the following correctly places the BCBS 239 principles into their overarching categories?

BCBS 239 groups its principles into four categories: overarching governance and infrastructure, risk data aggregation capabilities, risk reporting practices, and supervisory review, tools and cooperation. The alternatives list risk types or capital measures, which are not the structure of the document.

  1. AOverarching governance and infrastructure; risk data aggregation capabilities; risk reporting practices; supervisory review, tools and cooperationCorrect
  2. BCredit risk, market risk, operational risk and liquidity risk
  3. CAccuracy, profitability, solvency and liquidity
  4. DCapital, leverage, liquidity and disclosure

Explanation

BCBS 239 groups its 14 principles into four sections: overarching governance and infrastructure, risk data aggregation capabilities, risk reporting practices, and supervisory review, tools and cooperation. The other options mix in risk types or Basel capital topics that are not its structure.

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