Recent periods of financial stress and the proliferation of risks across the financial system are fueling the development of ...
Key insight: Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, ...
Model validation frameworks are built to catch a model that is wrong. Almost none are built to catch a model that cannot be ...
Assessing how climate change will affect different regions usually requires running a complex chain of models. While this ...
In-depth analysis and peer practice for 10,000+ risk and compliance leaders. HQP benchmarking, LPEC certification, and the ...
The Federal Deposit Insurance Corp. issued revised model risk management guidance. The FDIC said Friday the revised guidance clarifies that model risk management should be tailored to the size, ...
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 ...
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, ...