For long-term reporting purposes, the most critical aspect to consider is the retention period of the backups. This is because the bank will likely require access to historical data for audit, compliance, and reporting purposes. The retention policy will need to ensure that backups are kept for the required duration, which may be several years depending on regulatory and business needs. Adjusting the retention policy will help ensure that the necessary data is preserved for as long as it is needed, without unnecessary data accumulation that could lead to higher costs and management complexity.