QIS 3 Frequently Asked Questions
Supervisors and banks have raised the following issues since the distribution of the Basel Committee's Quantitative Impact Study 3 (QIS 3). These FAQs are intended to facilitate the completion of the QIS survey and should not be construed as a official interpretation of the final Accord. The proposed Accord reforms, their interpretation and ultimate implementation by national supervisors remain subject to change from the on-going consultative process, of which QIS 3 is an essential component.
Questions and answers by category:
- A. General (Updated 19 December 2002)
- B. Trading book (Updated 3 December 2002)
- C. Standardised Approach (Updated 8 November 2002)
- D. National Discretion (Updated 15 October)
- E. Credit Risk Mitigation (Updated 5 December 2002)
- F. Definition of Default/Loss (Updated 17 October 2002)
- G. Maturity (Updated 30 October 2002)
- H. Operational Risk (Updated 14 November 2002)
- I. IRB-inputs: PD, LGD and EAD (Updated 7 November 2002)
- J. Provisions (Updated 24 October 2002)
- K. Purchased Receivables (Updated 15 October)
- L. Retail Exposures (Updated 19 December 2002)
- M. Scope of Application
- N. SMEs (Updated 8 November 2002)
- O. Equities and Investments (Updated 24 October 2002)
- P. Securitisations (Updated 20 December 2002)
- Q. Specialised lending (Updated 21 November 2002)
- R. Examples (Updated 5 December 2002)
All questions and answers in one document: Read PDF (53 pages, 335 kb) (Updated 18 December)
Initial version of 11 October 2002: Read PDF (13 pages, 63 kb)