FIRB scope for wholesale SME
Internal Ratings Based (IRB) Discussion
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Are you considering FIRB for SME wholesale or are you already in FIRB for this scope
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We (OW) did a model benchmark a few years ago which indicated AIRB usage for this segment
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UK banks are currently re-evaluating their FIRB vs. AIRB decisions. There is not yet clarity around PRA’s views around their acceptance around having “partial FIRB” or if banks would go to FIRB for all Wholesale (across turnover and country segments).
This could be a point to highlight to PRA if there is going to be clearer guidance in the near future.