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We need a common definition of ‘validation of internal models’ across countries, says OCC

Source: Operational Risk & Regulation | 08 Dec 2004

Categories: Basel Committee, Credit Risk

Topics: Accord Implementation Group (AIG), Basel II

Levonian says he has met with bankers and regulators from other countries, and “their understanding of ‘validation' is different from what we mean...

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We need a common definition of ‘validation of internal models’ across countries, says OCC

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