Nijenhaus Bruch is currently creating a program of operational loss data collection at a bank...

Option A:Reports should only include the actual loss date.

Inadequate as it misses critical information like the amount of loss and recoveries.

Option B:Reports should capture both the date of the event and the amount of loss.

Partial but not comprehensive.

Option C:Reports should capture the date of the event, the amount of loss, and recoveries of gross loss amounts.

Verified and correct. Capturing these details ensures that all critical aspects of the loss event are documented, which is essential for accurate loss data collection and analysis.

Option D:Reports should be designed to be shared with external data loss consortia recipients.

This is not a minimum standard but more of an additional feature.