Operational Risk Data Aggregation Principles

Operational Risk Data Aggregation Principles are guidelines for collecting, organizing, and analyzing risk information across an organization to ensure accuracy and consistency. They emphasize the importance of clear data definitions, quality control, and standardized methods so that risk data from different areas can be combined reliably. This allows organizations to understand their overall operational risk exposure, identify patterns, and make informed decisions to manage potential losses effectively. Essentially, these principles ensure that risk data is accurate, comparable, and useful for strategic risk management.