The banks should have at a minimum PD data for five years and LGD and EAD data for seven years. The manpower skills, the IT infrastructure and MIS at the banks would have to be upgraded substantially. The supervisors would require developing skills in validation and back testing of models.
This is mainly a forum for discussing and exchanging analyses of recent economic and monetary trends. Denmark's status as a non-euro area member state excludes us from a number of decisions, even though they are highly relevant to us. This applies to interest-rate decisions, of course, which affect us directly owing to our fixed-exchange-rate policy. It also applies to e.g.