Credit model evaluation
With the new Basel Capital Accord scheduled for implementation in 2005, banks are having to evaluate the credit scoring models that will enable them to meet the minimum standards for Basel’s internal ratings-based (IRB) approach. Selecting an appropriate model should not be based on skimming a limited statistical summary of a model’s accuracy. Rather, there should be a rigorous review process. By Bernard O’Sullivan
With the new Basel Capital Accord scheduled for
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