122. Institutions should analyse the risk drivers not only at the moment of default but also at …

Institutions should analyse the risk drivers not only at the moment of default but also at least within a year before default. Institutions should use a reference date for a risk driver that is representative of the realisations of the risk driver within a year before default. When choosing the appropriate reference date for a risk driver institutions should take into account its volatility over time. Institutions should apply these practices also with regard to the reference date of the valuation of collateral; the value of the collateral at the reference date should not reflect the impact of the decrease in credit quality of the exposure shortly before default.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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