Advanced systems

Advanced systems means an advanced approaches Board-regulated institution'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 Board-regulated institution, the internal models methodology, advanced CVA approach, double default excessive correlation detection process, and internal models approach (IMA) for equity exposures.


12 CFR § 217.101

Scoping language

Terms that are set forth in 217.2 and used in this subpart have the definitions assigned thereto in 217.2.

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