model risk
Defined in Article 3, Capital Requirements Directive
Definitions over time (2)
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For the purposes of this Directive, the following definitions shall apply:
'model risk' means model risk as defined in Article 4(1), point (52b), of Regulation (EU) No 575/2013;
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17/07/2013 – 11/01/2026 Article 3, Capital Requirements Directive Scope: Whole act
For the purposes of this Directive, the following definitions shall apply:
'model risk' means the potential loss an institution may incur, as a consequence of decisions that could be principally based on the output of internal models, due to errors in the development, implementation or use of such models;