I have a few topics I would like to get your insight or latest views

IRB Large Corporate model – country component

• Have you seen any country scores or similar to be used in a truly global model? (e.g. client considers a large corporate client in a more mature country to be of less risky than a company with same financial profile in a more volatile environment)

IRB Large Corporate model – Merton PD component

• Have you seen anyone using directly a Merton PD component recently?

• Have you seen the usage of simple capital market indicator or information e.g. Share Price, Market Cap, to proxy a more Point-In-Time component?

Thanks for your help