Risk management is an important discipline in the corporate sphere. If done properly, it can propel a well-run company pas what anyone imagined. The face of risk management changed forever after the ...
The unique challenges and demands facing the global economy since early 2020 have demonstrated the value of models. They’ve also highlighted the risks involved in using them. The US SR 11 7 guidelines ...
The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated draft of Guideline E-23 Model Risk Management (Draft Guideline) setting expectations related to ...
The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...
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