The internal model captures every material risk. Baseline: one-year and ultimate SCRs calculated with a full internal model; documented scope covering all quantifiable material risks, at minimum insurance, market, credit and operational risk; complete, current documentation a knowledgeable third party could follow; realistic management actions; documented risk mitigation with secondary risks considered; capital driven by key risks with main dependencies modelled; self loads where a material risk cannot yet be modelled; justified diversification allowing for non-linear dependency and loss of diversification in extremes; documented profit and loss attribution. Higher levels add mapping of the risk register to the model, temporary add-ons with development plans, emerging risk integration and modelling of real risk drivers.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.