# Validation

- Canonical URL: https://www.gerhardmerk.de/validation-2
- Post ID: 8058
- Modified: 2023-07-25T21:13:22+00:00
- Language: en

## Definition

Generally, the determination of the degree of accuracy and exactness of a measuring device. - In particular, the regular review of rating systems used internally by banks to determine the credit risk of individual borrowers, required by Basel II. - See calibration, rating, risk profile, discriminatory power. - Cf. Deutsche Bundesbank Monthly Report of September 2003, pp. 61 ff. (methodological), Deutsche Bundesbank Monthly Report of June 2006, pp. 35 ff. (detailed, textbook presentation). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1