Reporting should be timely and a bank should be able to produce reports in both normal and stressed market conditions. The frequency of reporting should reflect the risks involved and the pace and nature of changes in the operating environment. The results of these monitoring activities should be included in regular management and board reports, as should assessments of Framework performed by the internal audit and/or risk management and compliance functions. Reports generated by (and/or for) supervisory authorities should also be reported internally to senior management and the board, where appropriate.