Pillar II of the Basel II Accord requires all financial institutions to show that the models that they have implemented perform as expected and required under the law.   This book shows banks how to test, validate and monitor these models using a step by step approach.

Pillar II of the Basel II Accord requires all financial institutions to show that the models that they have implemented perform as expected and required under the law. This book shows banks how to test, validate and monitor these models using a step by step approach.