(a)

the process and the annual plan for the review of estimates provide for a timely review of all estimates;

(b)

criteria for the identification of situations which trigger a more frequent review have been identified;

(c)

the methodologies and data used for the estimation of risk parameters reflect changes in the underwriting process and in the composition of the portfolios;

(d)

the methodologies and data used for the LGD estimation reflect changes in the recovery process, the types of recoveries and the duration of the recovery process;

(e)

the methodologies and data used for the conversion factor estimation reflect changes in the monitoring process of undrawn amounts;

(f)

the data set used for the estimation of risk parameters includes the relevant data from the latest observation period, and are updated at least on an annual basis;

(g)

the technical advances and other relevant information are reflected in the risk parameters estimates.