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Overall, greater familiarity with the theory of modelling and the growing body of experience in its application has allowed supervisors to develop appropriate supervisory responses that are both quantitative and qualitative in approach (see (i) - (viii) above). For supervisors who are satisfied that they have the resources and expertise to make the judgements set out there, the Technical Committee accepts that the output of VaR models can provide the starting point for calculating market risk regulatory capital charges.
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