What changes on 07/04/2022
The text in force from 29/12/2004 compared with the text from 07/04/2022.
124 inserted
0 amended
0 deleted
0 moved
Read the act as of 07/04/2022 · other versions:
Chapter 1
- inserted Article 1 - Assessment of compliance with requirements to use the Internal Ratings Based Approach
- inserted Article 2 - Methods to be applied by competent authorities
- inserted Article 3 - Quality of documentation
- inserted Article 4 - Third party involvement
- inserted Article 5 - Temporary non-compliance with the requirements of the IRB Approach
Chapter 2
- inserted Article 6 - General
- inserted Article 7 - Sequential implementation of the IRB Approach
- inserted Article 8 - Conditions for permanent partial use
Chapter 3 › Section 1
- inserted Article 9 - General
Chapter 3 › Section 2
- inserted Article 10 - Independence of the validation function
- inserted Article 11 - Completeness and frequency of the validation process
- inserted Article 12 - Adequacy of the methods and procedures of the validation function
- inserted Article 13 - Soundness of the reporting process and the process for addressing the validation conclusions, findings and recommendations
Chapter 3 › Section 3
- inserted Article 14 - The role of senior management and management body
- inserted Article 15 - Management reporting
- inserted Article 16 - Credit risk control unit
- inserted Article 17 - Internal audit
Chapter 4
- inserted Article 18 - General
- inserted Article 19 - Use test in risk management, decision-making and credit approval process
- inserted Article 20 - Use test in the internal capital allocation
- inserted Article 21 - Use test in corporate governance functions
- inserted Article 22 - Experience test
Chapter 5
- inserted Article 23 - General
- inserted Article 24 - Assignment definitions, processes and criteria
- inserted Article 25 - Integrity of assignment process
Chapter 6
- inserted Article 26 - General
- inserted Article 27 - Triggers for identification of the default of an obligor
- inserted Article 28 - Robustness and effectiveness of the process of identifying the default of an obligor
- inserted Article 29 - Reclassification to non-default status
Chapter 7 › Section 1
- inserted Article 30 - General
Chapter 7 › Section 2
- inserted Article 31 - Completeness of the documentation of rating systems
- inserted Article 32 - Register of rating systems
Chapter 7 › Section 3
- inserted Article 33 - Risk drivers and rating criteria
- inserted Article 34 - Distribution of obligors and exposures in the grades or pools
- inserted Article 35 - Risk differentiation
- inserted Article 36 - Homogeneity
Chapter 7 › Section 4
- inserted Article 37 - Data requirements
- inserted Article 38 - Model design
- inserted Article 39 - Human judgement
- inserted Article 40 - Model performance
Chapter 8 › Section 1
- inserted Article 41 - General
Chapter 8 › Section 2
- inserted Article 42 - Data requirements
- inserted Article 43 - Review of estimates
- inserted Article 44 - Margin of conservatism
Chapter 8 › Section 3
- inserted Article 45 - Length of the historical observation period
- inserted Article 46 - Method of PD estimation
Chapter 8 › Section 4
- inserted Article 47 - Length of the historical observation period
- inserted Article 48 - Method of LGD estimation
- inserted Article 49 - Treatment of multiple defaults
- inserted Article 50 - Use of LGD estimates appropriate for economic downturn
- inserted Article 51 - LGD, ELBE and UL estimation for exposures in-default
- inserted Article 52 - Requirements on collateral management, legal certainty and risk management
Chapter 8 › Section 5
- inserted Article 53 - Length of the historical observation period
- inserted Article 54 - Method of conversion factors estimation
- inserted Article 55 - Use of conversion factor estimates appropriate for economic downturn
- inserted Article 56 - Requirements on policies and strategies for account monitoring and payment processing
Chapter 8 › Section 6
Chapter 8 › Section 7
Chapter 9
- inserted Article 59 - General
- inserted Article 60 - Assignment methodology and its implementation
- inserted Article 61 - Assigning sequence
- inserted Article 62 - Specific requirements for retail exposures
Chapter 10
- inserted Article 63 - General
- inserted Article 64 - Adequacy of methods used in designing the stress tests
- inserted Article 65 - Organisation of the stress testing process
- inserted Article 66 - Integration of the stress tests in the risk and capital management processes
Chapter 11
- inserted Article 67 - General
- inserted Article 68 - Reliability of the system used for the calculation of own funds requirements
- inserted Article 69 - Data quality
- inserted Article 70 - Correctness of the implementation of the methodology and procedures for different exposure classes
- inserted Article 71 - Organisation of the process for the calculation of own funds requirements
Chapter 12
- inserted Article 72 - General
- inserted Article 73 - Data quality
- inserted Article 74 - Data documentation and reporting
- inserted Article 75 - IT infrastructure
Chapter 13
- inserted Article 76 - General
- inserted Article 77 - Adequacy of the data
- inserted Article 78 - Adequacy of the models
- inserted Article 79 - Comprehensiveness of the stress-testing programme
- inserted Article 80 - Integrity of the model and modelling process
- inserted Article 81 - Adequacy of assignment of exposures to the internal models approach
- inserted Article 82 - Adequacy of the validation function
Chapter 14
- inserted Article 83 - General
- inserted Article 84 - Change policy content
Outside any heading
- inserted Recital 1
- inserted Recital 2
- inserted Recital 3
- inserted Recital 4
- inserted Recital 5
- inserted Recital 6
- inserted Recital 7
- inserted Recital 8
- inserted Recital 9
- inserted Recital 10
- inserted Recital 11
- inserted Recital 12
- inserted Recital 13
- inserted Recital 14
- inserted Recital 15
- inserted Recital 16
- inserted Recital 17
- inserted Recital 18
- inserted Recital 19
- inserted Recital 20
- inserted Recital 21
- inserted Recital 22
- inserted Recital 23
- inserted Recital 24
- inserted Recital 25
- inserted Recital 26
- inserted Recital 27
- inserted Recital 28
- inserted Recital 29
- inserted Recital 30
- inserted Recital 31
- inserted Recital 32
- inserted Recital 33
- inserted Recital 34
- inserted Recital 35
- inserted Recital 36
- inserted Recital 37
- inserted Recital 38
- inserted Preamble
Chapter 15
- inserted Article 85 - Entry into force