Principles for Effective Risk Data Aggregation and Risk Reporting (FRM P1 – Book 1 – Chapter 13)

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After completing this reading, you should be able to:
- Explain the potential benefits of having effective risk data aggregation and reporting.
- Describe key governance principles related to risk data aggregation and risk reporting practices.
- Identify the 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 the characteristics of effective risk reporting practices.

0:00 Introduction
0:33 Learning Objectives
0:57 Benefits of Effective Risk Data Aggregation and Reporting
7:10 Key Governance Principles Related to Risk Data Aggregation and Risk Reporting
12:37 Data Architecture and Infrastructure
16:27 Accuracy and Integrity
20:09 Completeness
22:06 Timeliness
24:38 Adaptability
26:42 Comprehensiveness
27:18 Clarity and Usefulness
28:20 Frequency
29:23 Distribution
29:39 Supervisory Review, Tools and Cooperation
30:08 Book 1 - Foundations of Risk Management Chapter 13 PRINCIPLES FOR EFFECTIVE RISK DATA AGGREGATION AND RISK REPORTING