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> I would want to write the sentence as follows.
>
> The bank should have clear standards for the collection and modification
of
> all elements and the standards should combine these elements in a manner
> that most effectively enables it to quantify its exposure to operational
> risk.
>
> - or -
>
> The bank should have clear standards for the collection and modification
of
> all elements that combine these elements in a manner that most effectively
> enables it to quantify its exposure to operational risk.
But the original sentence does not say that the _standards_ should combine
elements; it says the _bank_ should combine elements.
Nancy submitted the following sentence:
> > ---The bank should have clear standards for the collection
> > and modification of all elements, and should combine these
> > elements in a manner that most effectively enables it to
> > quantify its exposure to operational risk.
I see no justification for changing the subject of the verb from "bank" to
"standards".
I do wonder, however, if the author of the sentence intended the following
but wasn't syntactically capable:
"The bank should have clear standards for collecting and modifying all
elements, and for combining these elements in a manner that" etc. etc.
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