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. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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