IRB and Proof of concept: Difference between pages

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''Capital adequacy - credit risk''
''Product and software development''.


Internal Ratings Based.
(POC).


Proof of concept is the stage in product or software development in which it is established that the solution will function as intended.


An approach to determining capital requirements for banks and other financial institutions, which includes risk assessments made internally by the regulated institution itself.


Use of an IRB approach and model needs the regulator's approval of the regulated bank's proposed IRB model.
<span style="color:#4B0082">'''''Banks well advanced in DLT applications'''''</span>


:"Mark Williamson, global COO of FX cash trading and risk management at HSBC, said that 90% of banks are now at proof-of-concept stage for distributed ledger technology (DLT) applications, with HSBC having settled billions of dollars of internal FX transactions on a DLT solution since February 2018."


Also known as Internal ''Risk'' Based approach.
:''The Treasurer magazine, December 2018 / January 2019, p12''




== See also ==
==See also==
* [[AIRB]]
*[[COO]]
* [[ASRF]]
*[[Distributed ledger]]
* [[Capital adequacy]]
*[[Ideation]]
* [[Credit risk]]
*[[Research & development]]
* [[FIRB]]
* [[Model]]
* [[Risk Weighted Assets]]  (RWAs)
* [[STA]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Technology]]

Revision as of 13:24, 2 April 2019

Product and software development.

(POC).

Proof of concept is the stage in product or software development in which it is established that the solution will function as intended.


Banks well advanced in DLT applications

"Mark Williamson, global COO of FX cash trading and risk management at HSBC, said that 90% of banks are now at proof-of-concept stage for distributed ledger technology (DLT) applications, with HSBC having settled billions of dollars of internal FX transactions on a DLT solution since February 2018."
The Treasurer magazine, December 2018 / January 2019, p12


See also