Logo     Strapline  
About Acadametrics What We Do Contact Us  
Overview  
FT House Price Index  
Model Development  
Risk Services  
Scenario Analysis and   Stress testing    
Model Validation    
LGD Data    
Property Portfolio   Revaluation    
Acadametrics   Research Support    
House Price Calculator  
Reference  
Glossary  
   
 
 
Deco

model validation 

We undertake a variety of model validation work. Our value is to provide validation where the absolute authority or insight that is needed cannot be supplied easily from standard internal or external auditing procedure. Additionally, we apply our own data and models, where appropriate, for benchmarking purposes. Every single model validation that we undertake is led, personally, by Dr Stephen Satchell.

A summary of our standard model validation process is shown here. Given that our proprietary expertise is in statistical modelling, we address only the validation of the rating system as defined in the diagram provided here.

Our Acadametrics Scenario Analysis solution illustrates how we can offer benchmarking within our validation procedure.

The FSA requirements for formal validation of internal models are that the full documentation and description of models should be such as to permit “white room” replication or “judicial assessment”. These requirements govern our Model Validation service.

A useful definition of model validation is provided in the BCBS Working Paper No 14, “Studies on the Validation of Internal Rating Systems”, Revised Edition May 2005 here.

Building
Acadametrics Limited
Registered Office: 226 Sheen Lane London SW14 8LD
Registered No 2786304

Go to Home View Site Map