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Brief
The PRA held a meeting for firms utilizing the internal ratings based (IRB) approach or interested in adopting it to calculate capital requirements for mortgage exposures. The PRA clarified specific topics, as requested by the industry, and addressed common cross-firm modelling issues. This event aimed to support firms in improving their IRB practices and ensure compliance with regulatory requirements.
The meeting built upon previous discussions and provided an opportunity for firms to share experiences and best practices. The presentation slides delivered during the event are attached for reference. By addressing industry concerns and providing clarification on key topics, the PRA aims to enhance the adoption of the IRB approach among mortgage exposure exposures and promote a more consistent application of capital requirements.
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