220. For the purpose of performing the tasks referred to in Article 190(2) of Regulation (EU) No …

For the purpose of performing the tasks referred to in Article 190(2) of Regulation (EU) No 575/2013 institutions should define a regular cycle for the full review of the rating systems, taking into consideration their materiality, and covering all aspects of model development, quantification of risk parameters and, where applicable, the estimation of model components. This review should include all of the following:

• (a) a review of the existing and potential risk drivers and an assessment of their significance based on the predefined standards of review referred to in paragraph 217;
• (b) an assessment of the modelling approach, its conceptual soundness, the fulfilment of the modelling assumptions and alternative approaches.

Where the results of this review recommend changes to model design, appropriate actions should be taken following the results from this analysis.

1. Forbhreathnú

1.1 Tagairtí

• Airteagal 190 2.

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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