|
+Article 190 2. |
Article 190 2.The areas of responsibility for the credit risk control unit or units shall include:
(a)
testing and monitoring grades and pools;
(b)
production and analysis of summary reports of the institution's rating systems;
(c)
implementing procedures to verify that grade and pool definitions are consistently applied across departments and geographic areas;
(d)
reviewing and documenting any changes to the rating process, including the reasons for the changes;
(e)
reviewing the rating criteria to evaluate if they remain predictive of risk. Changes to the rating process, criteria or individual rating parameters shall be documented and retained;
(f)
active participation in the design or selection, implementation and validation of models used in the rating process;
(g)
oversight and supervision of models used in the rating process;
(h)
ongoing review and alterations to models used in the rating process. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
|