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Section 1 Definitions (art. 222) |
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Article 222 Materiality |
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Section 2 Use test (arts. 223-227) |
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Article 223 Use of the internal model |
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Article 224 Fit to the business |
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Article 225 Understanding of the internal model |
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Article 226 Support of decision-making and integration with risk management |
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Article 227 Simplified calculation |
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Section 3 Statistical quality standards (arts. 228-237) |
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Article 228 Probability distribution forecast |
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Article 229 Adequate, applicable and relevant actuarial techniques |
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Article 230 Information and assumptions used for the calculation of the probability distribution forecast |
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Article 231 Data used in the internal model |
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Article 232 Ability to rank risk |
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Article 233 Coverage of all material risks |
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Article 234 Diversification effects |
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Article 235 Risk-mitigation techniques |
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Article 236 Future management actions |
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Article 237 Understanding of external models and data |
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Section 4 Calibration standards (art. 238) |
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Article 238 |
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Section 5 Integration of partial internal models (art. 239) |
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Article 239 |
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Section 6 Profit and loss attribution (art. 240) |
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Article 240 |
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Section 7 Validation standards (arts. 241-242) |
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Article 241 Model validation process |
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Article 242 Validation tools |
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Section 8 Documentation standards (arts. 243-246) |
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Article 243 General provisions |
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Article 244 Minimum content of the documentation |
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Article 245 Circumstances under which the internal model does not work effectively |
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Article 246 Changes to the internal model |
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Section 9 External models and data (art. 247) |
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Article 247 |
