Examples of using Internal models in English and their translations into Polish
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Internal models based capital requirements for market risks.
Policy for changing the full and partial internal models.
As a minimum, full internal models shall cover the risks set out in Article 1004.
General provisions for the approval of full and partial internal models.
Issues of internal models audit and corporate governance will also be discussed.
Accordingly, this directive will strengthen the capital requirements based on internal models in several respects.
Over 2007-2008, it became clear that internal models systematically underestimated the potential loss in stressed conditions.
The advanced approaches are more costly to implement as they are based on internal models designed by the institutions.
Internal models_BAR_ Advanced Internal Ratings Based Approach(AIRBA)_BAR_ Advanced Credit risk mitigation_BAR_ Advanced measurement approach(AMA)_BAR.
Insurance and reinsurance undertakings may use partial internal models for the calculation of one
with respect to Articles 120 to 126, regarding the use of internal models throughout the Union.
For example, insurance groups are to be allowed recourse to internal models of risk assessment when calculating capital
reinsurance undertaking uses a full or partial internal model, on-going compliance with the requirements for full and partial internal models set out in Chapter VI, Section 4, Subsection 3.
With respect to the use of partial internal models additional requirements are introduced that are designed to prevent cherry-picking by(re)insurance undertakings see Article 110.
This will make it possible to timely start the supervisory approval procedures e g for internal models and undertaking specific parameters.
is best understood as predictive action selection based on"internal models" of the environment or a device for supervised learning,
were directly verified and which were verified on the basis of professional judgement, internal models, hypotheses and management explanations.
The Impact Assessment shows that measures to enhance internal credit risk management and the use of internal models for regulatory purposes
In addition, Article 111 enables the Commission to adopt implementing measures adapting the standards, set out in Articles 117 to 122, with respect to partial internal models in order to take account of the limited scope of those models. .
Whereas the use of such internal models for the purpose of calculating capital requirements requires strict internal control mechanisms and should be subject to recognition and supervision by the competent authorities; whereas the continued reliability of the results of the internal model calculation should be verified by a back-testing procedure;
provide policyholders and beneficiaries with an equivalent level of protection, such internal models should be subject to prior supervisory approval on the basis of harmonised processes and standards.
the Solvency Capital Requirement standard formula, and the use of internal models for solvency purposes.
in order to encourage more sophisticated risk-management methods based on internal models, lower capital requirements for credit institutions from third countries; whereas those credit institutions compete with investment firms
the Solvency Capital Requirement it should be possible, in specific circumstances, to use partial or full internal models for the calculation of that requirement instead of the standard formula.
CRAs will need to be more transparent as they will need to disclose the methodology and internal models and key rating assumptions they use to make their ratings.
whereas institutions have developed their own risk-management systems(internal models), designed to measure more accurately than the standardised method the market risks incurred by investment firms
determine the practical and procedural application of the conditions under which competent authorities permit credit institutions to use internal models for the purposes of calculating capital requirements under this Directive.
The documentation shall indicate any circumstances under which the internal model does not work effectively.
using the standard formula or an internal model.
Non-compliance of the internal model.