validation-process

Learning Objectives: Describe some important considerations for a bank in assessing the conceptual soundness of a VaR model during the validation process. Explain how to conduct sensitivity analysis for a VaR model, and describe the potential benefits and challenges of performing such an...

Learning objectives: Explain the process of model validation and describe best practices for the roles of internal organizational units in the validation process. Compare qualitative and quantitative processes to validate internal ratings and describe elements of each process. Describe...