Chapter 3 Internal Ratings Based Approach (arts. 142-191)

Comparing proposed amendment...


	Section 1 Permission by competent authorities to use the IRB Approach (arts. 142-150)
Amended	Article 142 Definitions
Applicable	Article 143 Permission to use the IRB Approach
Amended	Article 144 Competent authorities' assessment of an application to use an IRB Approach
Applicable	Article 145 Prior experience of using IRB approaches
Applicable	Article 146 Measures to be taken where the requirements of this Chapter cease to be met
Applicable	Article 147 Methodology to assign exposure to exposures classes
Applicable	Article 148 Conditions for implementing the IRB Approach across different classes of exposure and business units
Applicable	Article 149 Conditions to revert to the use of less sophisticated approaches
Amended	Article 150 Conditions for permanent partial use
	Section 2 Calculation of risk weighted exposure amounts (arts. 151-157)
	Sub-section 1 Treatment by type of exposure class (arts. 151-152)
Amended	Article 151 Treatment by exposure class
Amended	Article 152 Treatment of exposures in the form of units or shares in CIUs
	Sub-section 2 Calculation of risk weighted exposure amounts for credit risk (arts. 153-156)
Amended	Article 153 Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks
Amended	Article 154 Risk-weighted exposure amounts for retail exposures
Applicable	Article 155 Risk-weighted exposure amounts for equity exposures
Applicable	Article 156 Risk-weighted exposure amounts for other non credit-obligation assets
	Sub-section 3 Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (art. 157)
Applicable	Article 157 Risk-weighted exposure amounts for dilution risk of purchased receivables
	Section 3 Expected loss amounts (arts. 158-159)
Amended	Article 158 Treatment by exposure type
Amended	Article 159 Treatment of expected loss amounts
	Section 4 PD, LGD and maturity (arts. 160-165)
	Sub-section 1 Exposures to corporates, institutions and central governments and central banks (arts. 160-162)
Applicable	Article 160 Probability of default (PD)
Applicable	Article 161 Loss Given Default (LGD)
Amended	Article 162 Maturity
	Sub-section 2 Retail exposures (arts. 163-164)
Applicable	Article 163 Probability of default (PD)
Amended	Article 164 Loss Given Default (LGD)
	Sub-section 3 Equity exposures subject to PD/LGD method (art. 165)
Applicable	Article 165 Equity exposures subject to the PD/LGD method
	Section 5 Exposure value (arts. 166-168)
Applicable	Article 166 Exposures to corporates, institutions, central governments and central banks and retail exposures
Applicable	Article 167 Equity exposures
Applicable	Article 168 Other non credit-obligation assets
	Section 6 Requirements for the IRB approach (arts. 169-191)
	Sub-section 1 Rating systems (arts. 169-177)
Applicable	Article 169 General principles
Applicable	Article 170 Structure of rating systems
Applicable	Article 171 Assignment to grades or pools
Applicable	Article 172 Assignment of exposures
Applicable	Article 173 Integrity of assignment process
Applicable	Article 174 Use of models
Applicable	Article 175 Documentation of rating systems
Applicable	Article 176 Data maintenance
Applicable	Article 177 Stress tests used in assessment of capital adequacy
	Sub-section 2 Risk quantification (arts. 178-184)
Amended	Article 178 Default of an obligor
Applicable	Article 179 Overall requirements for estimation
Applicable	Article 180 Requirements specific to PD estimation
Applicable	Article 181 Requirements specific to own-LGD estimates
Applicable	Article 182 Requirements specific to own-conversion factor estimates
Applicable	Article 183 Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures
Applicable	Article 184 Requirements for purchased receivables
	Sub-section 3 Validation of internal estimates (art. 185)
Applicable	Article 185 Validation of internal estimates
	Sub-section 4 Requirements for equity exposures under the internal models approach (arts. 186-188)
Applicable	Article 186 Own funds requirement and risk quantification
Applicable	Article 187 Risk management process and controls
Applicable	Article 188 Validation and documentation
	Sub-section 5 Internal governance and oversight (arts. 189-191)
Applicable	Article 189 Corporate Governance
Applicable	Article 190 Credit risk control
Applicable	Article 191 Internal Audit

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