171. For the purposes of EL BE and LGD in-default estimation, institutions should set the reference …

For the purposes of EL BE and LGD in-default estimation, institutions should set the reference dates to be used for grouping defaulted exposures in accordance with the recovery patterns observed. These reference dates should be used in the estimation of EL BE and LGD in-default instead of the date of default. For the purposes of setting the reference dates institutions should use information only on closed recovery processes taking into account costs and recoveries only if observed up to the date of estimation.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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