The Committee of European Banking Supervisors (CEBS) has published a report entitled Peer Review on CEBS’s Guidelines on the implementation, validation and assessment of Advanced Measurement (AMA) and Internal Rating Based (IRB) approaches (the peer review report).
The peer review report is CEBS’s first such report on its members’ compliance with CEBS’s Guidelines on the validation of the AMA and IRB approaches used by banks to calculate capital requirements. The peer review report concluded that supervisory authorities have generally complied with the Guidelines’ provisions in a practical and sensible manner with regards to home-host cooperation. However, the review highlighted a few cases of non compliance by members acting as consolidating supervisors.
View CEBS reviews the implementation of the Guidelines on Validation, 9 April 2009