RSU develops and operates a broad range of systems for the assessment of credit risks. Established in 2003, RSU originated from a joint project of eight Landesbanken and DekaBank.
RSU’s history started in 2001, when German Landesbanken and the DekaBank launched a joint project for the development of internal rating systems.
The aim was to satisfy the regulatory requirements for what is referred to as the Internal Ratings-based Approach (IRBA). During the core phase of the project in 2002 and 2003, interdisciplinary project teams developed the necessary methodology for rating ten different exposure classes. Once a rating system was ready for use, it was integrated into the LB-Rating application. The joint effort allowed to draw on the experience and the portfolios of all RSU partners.
In December 2003 the project lead to the foundation of RSU. RSU’s shareholders are the Landesbanken that participated in the project and/or their legal successors.
Having received supervisory clearance for its rating systems, RSU has made them available to clients outside the group of shareholding banks since 2007. Currently, RSU’s clients include institutions from all three sectors of the German banking system, a number of financial service providers, international institutions, and institutional investors.
By now, RSU also provides other solutions for forecasting and assessing credit risks.
Our executive team combines broad expertise and many years of experience in credit risk management.
Since RSU’s foundation, the comprehensive knowledge, expertise and experience of the German Landesbanken and DekaBank have substantially contributed to the ongoing testing, validation and improvement of the RSU-products. Its partners are: