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 ...

Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...

Last year, I faced a harrowing experience that would change my perspective on healthcare forever. What began as an emergency surgery to combat a flesh-eating bacteria quickly turned into a nightmare.

This article was written by Antonios Lazanas, Head of Portfolio and Index Research at Bloomberg. Modern risk modelling is not just about monitoring risk. Sure, the specialists who manage risk are ...

The Reserve Bank had issued the draft Regulatory Principles for Management of Model Risks in Credit on August 05, 2024, with a view to strengthen governance and risk management practices relating to ...

Risk management in many organizations is mired in a framework that can't keep pace with the challenges that most enterprise risk teams face. It needs to be modernized. That's the verdict that senior ...

“Think about the potential impact from a continuous monitoring perspective within the first line,” says Geoffrey Kovesdy, a principal with Deloitte & Touche LLP. “Many of the continuous monitoring ...

Following the global financial crisis that began in 2007–08, policy- makers have multiplied their efforts and implemented reforms to strengthen the resilience of the financial sector. But – while ...