Status: You are viewing the version of the handbook as on 2019-02-22.

rating system

    46(in relation to the IRB approach and in accordance with BIPRU 4.3.25 R) comprises all of the methods, processes, controls, data collection and IT systems that support the assessment of credit risk, the assignment of exposures to grades or pools (rating), and the quantification of default and loss estimates for a certain type of exposure.