237. Institutions should ensure that the advanced statistical models used are: a. property and …

Institutions should ensure that the advanced statistical models used are:

• a. property and location specific at a sufficient level of granularity (e.g. postcode for immovable property collateral);
• b. valid and accurate, and subject to robust and regular backtesting against the actual observed transaction prices;
• c. based on a sufficiently large and representative sample, based on observed transaction prices;
• d. based on up-to-date data of high quality.

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/