Examples of using Internal model in English and their translations into Croatian
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Colloquial
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Ecclesiastic
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Computer
supervisory body shall be responsible for ensuring the ongoing appropriateness of the design and operations of the internal model, and that the internal model continues to appropriately reflect the risk profile of the insurance
The results of stress tests carried out by institutions using an internal model to calculate market risk own funds requirements under Part Three, Title IV, Chapter 5 of Regulation(EU) No 575/2013;
In the event of significant deficiencies in the full or partial internal model or significant governance failures the supervisory authorities should ensure that the undertaking concerned makes every effort to remedy the deficiencies that led to the imposition of the capital add-on.
On 25 July 2017 the Governing Council did not object to the proposal of the Supervisory Board to launch a public consultation on the Guide to on-site inspections and internal model investigations.
Where the application for that approval relates to a partial internal model, the requirements set out in Articles 120 to 125 shall be adapted to take account of the limited scope of the application of the model. .
Directive 2009/138/EC provides for joint decisions as regards the approval of applications to use an internal model at group and subsidiary levels,
After having received approval from supervisory authorities to use an internal model, insurance and reinsurance undertakings may, by means of
the competent authorities shall revoke the permission for using the internal model or impose appropriate measures to ensure that the model is improved promptly.
reinsurance undertakings to run their internal model on relevant benchmark portfolios
with its partial or full internal model in accordance with Chapter VI, Section 4, Subsection 3.
a stronger oversight role on internal model validation particularly in the area of insurance,
as calculated using an internal model or partial internal model in accordance with Chapter VI,
as calculated using an internal model or partial internal model in accordance with Chapter VI,
require the undertaking concerned to use an internal model to calculate the Solvency Capital Requirement, or the relevant risk modules thereof.
(b) the supervisory authority concludes that the risk profile of the insurance or reinsurance undertaking deviates significantly from the assumptions underlying the Solvency Capital Requirement, as calculated using an internal model or partial internal model in accordance with Chapter VI, Section 4, Subsection 3, because certain quantifiable
concerned considers that the risk profile of an insurance or reinsurance undertaking under its supervision deviates significantly from the assumptions underlying the internal model approved at group level, and as long as that undertaking has not properly addressed the concerns of the supervisory authority, that authority may, in accordance with Article 37, impose a capital add-on to the Solvency Capital Requirement of that insurance or reinsurance undertaking resulting from the application of such internal model.
These internal models are subject to supervisory approval.
That Opinion shall also assess any divergences in internal models within the Union.
General provisions for the approval of full and partial internal models.
with regard to benchmarking institutions' internal models.