You are viewing the FCA Handbook Glossary as it appeared on 31/12/2021.

specific risk backtesting exception

    (in BIPRU 7.10 (Use of a value at risk model) and in relation to a firm) an exception arising out of backtesting a VaR model with respect to specific risk as more fully defined in that firm's VaR model permission.

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Point In Time31/12/2021
31/12/2021
01/01/2007