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 ...

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 ...

From cyberthreats to financial volatility, security leaders must grasp the nuances of risk management to build resilient and successful organizations. Risk management is the process of identifying, ...

Processing payments is complicated. This is primarily due to the numerous players involved in the ecosystem: credit and debit cards, risk vendors, merchants, processors (for both acquirers and issuers ...

Risk Management is the process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the probability and/or impact of adverse ...

This paper addresses strategic risk management as an essential discipline for the sustainability of large corporations in an environment marked by increasing uncertainties and rapid transformations.

Risk models at Credit Suisse had flagged the dangers before their $5.5 billion Archegos loss. Silicon Valley Bank's risk metrics showed clear warnings before their collapse. In both cases, ...

Humans have tried to predict the weather for as long as there have been floods and droughts. But in recent years, climate science, advanced computing and satellite imagery have supercharged their ...

Khrystyna Voloshyn, Data Scientist, Tamarack Technology Scott Nelson, Chief Technology and Chief Product Officer, Tamarack ...