2. Where , in the latter cases, an institution does not have approved IRB PDs and/or LGDs or where …

Where , in the latter cases, an institution does not have approved IRB PDs and/or LGDs or where IRB PDs and/or LGDs do not exist for an issuer or a security in the trading book, these should be computed using a methodology consistent with the IRB methodology, which would then require a separate approval by the competent authority for use in the IRC.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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