as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what is the significance of regular monitoring and reporting of operational risk profiles?
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regular monitoring and reporting of operational risk profiles and material exposures to losses are crucial. banks should have appropriate reporting mechanisms at different management levels to support the proactive management of operational risk.
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