model development
Defined in Article 2, Commission Delegated Regulation (EU) 2024/1780
Definitions over time (1)
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15/07/2024 – today applies on 09/11/2026 Article 2, Commission Delegated Regulation (EU) 2024/1780 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
‘model development’ means the part of the process of the estimation of risk parameters that leads to an appropriate risk differentiation by specifying relevant risk drivers, building statistical or mechanical methods to assign exposures to obligor or facility grades or pools, and estimating intermediate parameters of the model, where relevant;