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14th of February 2022

GBIC comments on machine learning for IRB Models

German Banking Industry Committee Banking supervision

The GBIC has commented on a consultation of the European Banking Authority on machine learning for IRB models. In general, the GBIC would like to note that the algorithms underlying ML models and the data used are not per se more complex than in traditional methods. The decisive factor is always the respective application case. 

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Stellungnahme IRB-Modelle

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Right direction, but urgent action is required

The German Banking Industry Committee (GBIC) welcomes the initiatives of the European Central Bank (ECB) to simplify regulation under the leadership of Vice-President Luis de Guindos and of the Single Supervisory Mechanism (SSM) to reform European banking supervision.