Consent of a supervisory authority to use a bank’s own risk measurement methods. Under Basel II, such methods may be recognized. – Other term for shadow rating. – See Bank customer profile, debtor management, downrating, enforcement, mark-to-model approach, minimum risk management requirements, Models Task Force, rating, external, risk management. – Cf. Deutsche Bundesbank Monthly Report of April 2001, p. 23 ff., Deutsche Bundesbank Monthly Report of September 2003, p. 61 ff, esp. the overview p. 27 (methods), ECB Monthly Report of May 2001, p. 66 and p. 77, BaFin Annual Report 2003, p. 38 ff. (survey results), Deutsche Bundesbank Monthly Report of September 2004, p. 78 ff. (good explanation of the IRB approach; p. 79: overview of the relevant rating classes), BaFin’s 2004 Annual Report, p. 97 ff. (there also on the assessment of individual procedures and results of a survey), and the respective BaFin Annual Report, Deutsche Bundesbank’s Monthly Report of January 2009, p. 65 (methodology of rating models).
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