3. The correlation between systemic risk factor(s) and individual issuer‟s „ability-to-pay process‟ …

The correlation between systemic risk factor(s) and individual issuer‟s „ability-to-pay process‟ may be difficult to estimate because they are not directly observable. Any estimation technique based directly or indirectly on observable market data (as in the case of listed equity) should be duly justified and documented.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/