Upon Further Analysis — Archives
-
New Guidance on Model Risk – What’s In and What’s Out
Banking regulators recently revised guidance on model risk management (MRM), superseding earlier, more detailed guidance from 2011. What were the major changes? And what impact are these changes likely to have on bank supervision? Drawing upon my own experience, I’ll look at what’s in, what’s out, and the implication of these changes for both examiners…