How is the resolution of an adverse incident documented for regulatory purposes?

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The resolution of an adverse incident is best documented through confidential reports, as these documents are typically comprehensive and structured to meet regulatory requirements. Confidential reports provide a formal account that includes details about the incident, the investigation process, and the steps taken to resolve the issue. This documentation is crucial not only for compliance with regulatory bodies but also for ensuring that there is an official record of the incident that can be referenced in the future.

Utilizing confidential reports ensures that sensitive information is handled appropriately, maintaining privacy and security while still providing necessary transparency to regulatory authorities. Furthermore, these reports can contribute to data analysis and future risk management by capturing the learning points from each incident.

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