Banks need to ensure that pandemic-related data are not skewed by support measures or other temporary factors before they incorporate the data into their IRB models. Our updated Guide to internal models will clarify topics such as the definition of default https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230816_2.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1693164668829773908