OpenLegislation

Section 1 Changes requiring competent authorities' approval (‘material’)

United Kingdom

Original text. Later amendments are not shown.

  1. 1Changes in the methodology of assigning exposures to exposure classes and rating systems. These include:
  2. 2The following changes in the algorithms and procedures used for: assigning obligors to obligor grades or pools; for assigning exposures to facility grades or pools; or for quantifying the risk of obligor default or associated loss (‘changes in the rating methodology for IRB systems’):
  3. 3Division 3
  4. 4Division 4
  5. 5Changes in the internal models approach to equity exposures. These include: