Prudential Regulation Authority publishes CP7/21Credit risk: The identification of the nature, severity, and duration of an economic downturn for the purposes of Internal Ratings Based (IRB) models7 April 2021 We published CP7/21 ‘Credit risk: The identification of the nature, severity, and duration of an economic downturn for the purposes of Internal Ratings Based (IRB) models’. This CP is relevant to UK banks, building societies and PRA-designated UK investment firms. This consultation closes on Wednesday 7 July 2021. Bank of England |
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