30th of June Oliver Wyman Wholesale Roundtable

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Hi all,

Welcome to the channel for the Wholesale Roundtable. We will use this channel to gather anonymous questions and keep the conversation going after the event.

The agenda will be:

Update on wholesale model submission progress and thematic challenges

Deep-dive sessions on model groups:

Large Corporate / Mid-Market
Banks and NBFI
Project Finance (AIRB/FIRB/Slotting)

Please post your anonymous questions here.

Kind Regards

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I would like to post a question but will others be able to see my user name if they hover over my icon on the left?

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Prior to PRA approval have any members sought permission to use their CRDIV models for internal purposes? If so, have any been successful?

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Thank you. Good question. For everyone's benefit, you will be able to see your own login but others are not able to. You would see the rest of the questions as a random username.

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The PRA’s B3.1 near final rules require a stand alone rating of subsidiary borrowers if the final rating is derived by notching from a supporting parent. Are banks interpreting this as a requirement for the stand alone rating being carried out on an IRB approved model or can such subsidiaries be reported based on the IRB permission of the parent model?

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Hi all - not sure what the etiquette is on here, but I have a separate (unrelated) question - I'll just ask it here - but if there is a better place, can the site moderator move it please. I wasn't at the PRA Round Table event, but there was mention of some proposed actions (1 or 2 attendees had a clear view) - were the actions documented anywhere? Or if not, would somebody be able to provide a short summary of the key points we raised with the PRA for action? It sounds like there has been no progress on this.