Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...

With the 2011 standard now superseded, KDOA and its Model IQ platform help banking organizations map their model risk programs to the revised guidance, and govern the AI models the regulators ...

The Reserve Bank had issued the draft Regulatory Principles for Management of Model Risks in Credit on August 05, 2024, with a view to strengthen governance and risk management practices relating to ...

This article was written by Antonios Lazanas, Head of Portfolio and Index Research at Bloomberg. Modern risk modelling is not just about monitoring risk. Sure, the specialists who manage risk are ...

Verisk’s recent launch of its updated U.S. Tropical Cyclone model, delivered via the firm’s new cloud-native Synergy Studio ...

Banks are rethinking liquidity management as regulation, technology and market dynamics reshape risk. Learn how banking execs are responding to the forces impacting liquidity while strengthening ...