219. Institutions should specify conditions under which the analyses referred to in paragraph 218 …

Institutions should specify conditions under which the analyses referred to in paragraph 218 should be performed more frequently than annually, such as major changes in the risk profile of the institution, credit policies or relevant IT systems. Institutions should perform the review of the PD or LGD model whenever they observe significant change in economic conditions as compared with the economic conditions underlying the dataset used for the purpose of model development.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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