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).
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