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 ...

The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model for risk management that has been around for more than two decades with an eye toward updating it for ...

With the rapid adoption of big data, advanced analytics and AI-driven models, model risk management frameworks must evolve to address an increasingly complex risk landscape. In this course, ...

In September a House subcommittee conducted a hearing on risk modeling and its role in the financial crisis. The testimony of several witnesses at the hearing pointed to risk models, particularly ...

There has been a lot of conversation over the years about risk management; this has included its importance and how to do it. Unfortunately, all this conversation has taken place separately, and there ...

Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness “Manual documentation, siloed ...

Model risk management is entering a period of rapid transformation as institutions integrate increasingly complex AI, ML, and GenAI models into their inventories. Traditional validation approaches are ...

The desire among financial institutions to better mitigate risk gained renewed prominence as a result of the financial crisis of 2008. Subsequent regulatory and governance requirements fostered ...

Every big bank has a risk management team whose job it is to keep the banks out of trouble. The teams use complex computers to guide the banks away from financial danger. But as the global credit ...

Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...

This course provides insights into the effective management of credit risk models, focusing on the latest Basel 3.1 and IFRS 9 requirements. Participants will deepen their understanding of key ...

What: “Managing Cybersecurity Risk in Government: An Implementation Model,” a report from the IBM Center for The Business of Government Why: While federal agencies are required to comply with the ...