In the international supervisory bodies, the German representatives will argue that internal rating systems should initially be applicable only to specific segments of the credit portfolio, so as to make it easier for the banks to introduce this new procedure.
Moreover, we will try to ensure that the model is neutral in its effect on competition at both the international and, if possible, the national level. The question of a good rating system and its credibility is being asked not only by practitioners, but also increasingly by academics.