123. If the institution relies on external ratings to assess the risk of securitised products, the …

If the institution relies on external ratings to assess the risk of securitised products, the external ratings should be critically reviewed and scenarios stressing the ratings including the rating classes’ specific impairment rates should be assessed, e.g. by stressing (historical) rating transition matrices.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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