Chapter 3: Implementation

The date of application of these GL is set consistently as for all other regulatory products developed as part of the EBA’s regulatory review of the IRB Approach. The implementation date is relatively distant, as it is expected that the implementation of these products, including these GL, will lead to material changes in many rating systems currently in use. To facilitate the implementation process as well as the assessment and approval of these changes by competent authorities, for instance by including multiple aspects in one change request, the implementation deadline is the same for all required changes. To ensure sufficient time for supervisory assessment and implementation within the deadline, institutions should agree with their competent authorities the latest date for submitting the application for the necessary changes in the rating systems.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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