Regulatory Alerts2005-01-06
Added
Guidelines on IRB Adoption
The Monetary Authority of Singapore issued these guidelines to regulate the adoption of the Internal Ratings-based Approach by financial institutions incorporated in Singapore. The document outlines the application process for supervisory permission, defines parameters for IRB rollout, and specifies elements required through statutory instruments. It further details supervisory expectations for banks and provides annexes covering validation principles and information requests for rollout plans.
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