+66. Model validation should be conducted when the ECL models are initially developed and when …

66. Model validation should be conducted when the ECL models are initially developed and when …

Model validation should be conducted when the ECL models are initially developed and when significant changes are made to the models, and should ensure that the models are suitable for their proposed usage on an ongoing basis.

1. Overview

,
Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

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