The peer review mechanism has been tested by assessing the application of the Guidelines on the implementation, validation and assessment of Advanced measurement (AMA) and Internal Ratings Based (IRB) approaches, both from a home and host perspective.

The first phase of this exercise, namely the assessment conducted by our members on whether they had  implemented these Guidelines or not, was completed by June 2008.

The second phase of this exercise - namely the review performed by peers - was completed in April 2009. The Peer Review Report presents the main issues identified in the course of the review of the self-assessments. In addition, it lays out a series of proposals with a view to enhancing the convergence of practices in the implementation of the Guidelines on Validation and to improving the methodology for conducting peer reviews.

The self-assessments can be accessed in the table below. It should be noted that our Members remain responsible for the answers provided in the self-assessments.

A report summarizing factual results derived from the self-assessments along with the Peer Review Report can be accessed under the links below.

Download Summary Report 

Download Peer Review Report