30th of June Oliver Wyman Wholesale Roundtable

[User 687]

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

[User 272]

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?

[User 272]

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

[User 687]

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.

[User 895]

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?