Advanced systems

Advanced systems means an Enterprise's advanced IRB systems, operational risk management processes, operational risk data and assessment systems, operational risk quantification systems, and, to the extent used by the Enterprise, the internal models methodology, advanced CVA approach, double default excessive correlation detection process, and internal models approach (IMA) for equity exposures.


12 CFR § 1240.101

Scoping language

Terms that are set forth in 1240.2 and used in this subpart have the definitions assigned thereto in 1240.2.

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