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20:30 Oct 23, 2005
English to Polish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:robust/robustness
The less internal information the institution has for estimating LGDs, the more important is the use of external data and multiple data sources for improving robustness of LGD parameter estimation.
Institutions are expected to provide sound, robust, and accurate predictive and forwardlooking estimates of risk parameters. They shall have a system of risk segmentation which accurately differentiates risk, and a quantification process which accurately estimates those parameters. The institution’s validation process has to ensure that these requirements are met on an ongoing basis.
The Internal Audit function reviews whether the institution’s control systems for internal ratings and related parameters are robust.
Demonstrating how the risk measurement system becomes more
responsive and robust.