INTERPRETED / LiquiLens / source-grounded explanation
AU Small Finance Bank has the highest research-only 12-month PD reading on the vetted board while review tiers are paused
Review tiers are paused (tiers paused, research only) since 2026-11-03: Re-dating three co-operative bank failures to their onset removed a mis-dated training event from the hazard panel. The refit model's out-of-time discrimination fell (current figures at /api/failure-radar/validation) and the refit alone would move institutions between tiers. Tiers stay unpublished until the model re-validates.
THE SPECIALIST SAYS
AU Small Finance Bank has the highest research-only 12-month PD reading on the vetted board while review tiers are paused
Review tiers are paused (tiers paused, research only) since 2026-11-03: Re-dating three co-operative bank failures to their onset removed a mis-dated training event from the hazard panel. The refit model's out-of-time discrimination fell (current figures at /api/failure-radar/validation) and the refit alone would move institutions between tiers. Tiers stay unpublished until the model re-validates.
IN PLAIN ENGLISH
Review tiers are paused (tiers paused, research only) since 2026-11-03: Re-dating three co-operative bank failures to their onset removed a mis-dated training event from the hazard panel. The refit model's out-of-time discrimination fell (current figures at /api/failure-radar/validation) and the refit alone would move institutions between tiers. Tiers stay unpublished until the model re-validates.
This fallback stays inside the source summary; the mental model below explains the mechanism without adding a market claim.
01 / COMPARISON
What changed
This source record does not publish a like-for-like prior observation, so MyQuant treats it as a cross-sectional snapshot and does not infer a trend.
02 / MECHANISM
Why this matters
A within-vintage ranking helps decide which public records to inspect first. Its meaning depends on the covered peers, data vintage, and evidence gate; it is not a credit rating or default forecast.
03 / NEXT TEST
What to check next
Inspect the next source revision for changes to the denominator, peer set, reporting vintage, evidence status, or underlying public record before treating this screen as persistent.
04 / BOUNDARY
Where the reading stops
Public-data construction-PIT screen; validated-backtest eligible: NO; real-money eligible: NO.