Regulatory Alerts2011-06-15
Instruction No. 2011-I-10 on the Monitoring of Internal Models Used for Calculating Capital Requirements
The Prudential Control Authority issued Instruction No. 2011-I-10 to establish reporting requirements for credit institutions and investment firms using internal models for regulatory capital calculations. The instruction mandates the periodic submission of detailed information regarding extensions, significant evolutions, and governance changes of these models to ensure prudent supervision. Institutions must submit annual reports by April 30, 2012, utilizing a standardized framework defined in the instruction's annexes to facilitate the supervisor's oversight of model integrity and performance.
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