rating system

Definitions over time (1)

28/06/2013 – today applies on 11/11/2026 Article 142, Capital Requirements Regulation (CRR) Scope: Part III Title II Chapter 3

For the purposes of this Chapter, the following definitions shall apply:

‘rating system’ means all of the methods, processes, controls, data collection and IT systems that support the assessment of credit risk, the assignment of exposures to rating grades or pools, and the quantification of default and loss estimates that have been developed for a certain type of exposures;