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