EBA mulls rule changes to speed up model approval process
Risk Live: Reducing compliance burden of credit risk model updates can aid banks and supervisors
The European Banking Authority is looking at ways to speed up the process of supervisors – such as the European Central Bank – approving significant updates to credit risk capital models, according to an EBA team leader.
“We are wondering whether we need to change the law to help the ECB streamline the process, so that comes with either a change in what constitutes a material change [to a model]
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