2. Therefore, the calculation of the risk measures generated by the model and the associated data …

Therefore, the calculation of the risk measures generated by the model and the associated data flows should be documented to a level of detail that would allow a third party to replicate these risk measures. Furthermore, the institution should document the process for initial and ongoing validation of the IRC model to a level of detail that would enable a third party to replicate the analysis. This documentation should also contain a description of the ongoing model maintenance processes as employed in the course of the initial assignment and update of model input parameters.

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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/