Approval for the IRB approach since 2007
Three years ago DG HYP introduced a series of estimation processes for its lending operations in order to comply with the requirement of the German Solvency Regulation (SolvV). These processes are available on a number of platforms. Since receiving approval on 1 Jan 2007 for the IRB (internal ratings-based) approach, DG HYP will be consolidating its technological environment, with the goal of providing users with a uniform state-of-the-art application that simultaneously simplifies and accelerates future methodological enhancements.
Web-based platform for interaction between Business and IT
The Basel II Rating Platform from Innovations will be deployed in the future as DG HYP’s central application for technical rating models. It facilitates a methodically and technically uniform implementation of the Basel II rating procedures and will be available to credit analysts to assist them with rating, scoring and LGD estimation processes.
The platform is Web-based and streamlines the interaction between Business and IT divisions.