Challenges in Model Risk Management

Financial firms rely on quantitative models for a broad range of business decisions. In recent years, banks have increased their reliance on sophisticated quantitative models to navigate through the maze of ever-evolving new and complex regulations, which has exposed them to model risk in the current dynamic business environment.

Key Takeaways

Financial firms rely on quantitative models for a broad range of business decisions. In recent years, banks have increased their reliance on sophisticated quantitative models to navigate through the maze of ever-evolving new and complex regulations, which has exposed them to model risk in the current dynamic business environment.

Orignal source : https://www.acuitykp.com/

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Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://bit.ly/3NaJ4Et