What is plain, for example, is that external ratings awarded by rating agencies pursue different objectives – namely, a more long-term orientation towards the entire credit cycle – from internal bank ratings. The topic of “completeness” is naturally also of great significance in the case of internal bank  3  BIS Review 133/1999  systems.
I assume that “partial use” will also be possible here. To that extent, the rating would then be incomplete. Ladies and gentlemen, the debate on a rapprochement of the prudential to the economic capital of banks by the deployment of management instruments of their own naturally involves uncertainties and risks.