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.
Glossary Related Taxonomy Legal Instruments
