Finalyse has performed the backtesting of the internal rating systems for PD, LGD, and CCF models for a large Belgian Bank.

Finalyse has performed the backtesting of the internal rating systems for PD, LGD, and CCF models for a large Belgian Bank. The typical backtesting procedure includes testing the model calibration, the models’ discriminatory power, benchmarking the model accuracy with external rating agencies, and evaluating the models’ stability.

Finalyse has been asked, having successfully addressed the harmonisation of the documentation for structured interest rate products, to propose an harmonised documentation process and content for the structured equity products of a major Belgian financial institution. The new process proposal will be implemented throughout the entities via a web-based solution.

Finalyse has signed a new contract with one of the leading banks in the Belgian market. The project will consist of making a high level assessment of current risk models, processes and risk governance and challenge them in the light of Pillar 2 compliance. In addition Finalyse will make recommendations for future developments and improvements.