16. In order for the data used in the model development and in the application of risk parameters …

In order for the data used in the model development and in the application of risk parameters as inputs into the model to meet the requirements of accuracy, completeness and appropriateness specified in Article 174(b) of Regulation (EU) No 575/2013, it should be sufficiently precise to avoid material distortions of the outcome of the assignment of exposures to obligors or facility grades or pools, and it should not contain any biases which make the data unfit for purpose. 4.2.2 Governance for data representativeness

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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