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 ...

What is a risk management framework? Implementing the principles and guidelines of a risk management framework (RMF) is not just an effective way to manage current risks, it also provides a structured ...

Fintech startup Fabric is bringing new risk management tools into the hands of financial advisers. Fabric aims to differentiate itself from other risk management tools by hinging its product on factor ...

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 ...

The Federal Reserve and Office of the Comptroller of the Currency (OCC) have issued the attached Supervisory Guidance on Model Risk Management, which is intended for use by banking organizations and ...

Processing payments is complicated. This is primarily due to the numerous players involved in the ecosystem: credit and debit cards, risk vendors, merchants, processors (for both acquirers and issuers ...

Recently, the UK Government called upon key regulators—including the ICO, FCA, and Bank of England (which incorporates the PRA)—to outline their strategic approach to Artificial Intelligence (AI). In ...

This paper addresses strategic risk management as an essential discipline for the sustainability of large corporations in an environment marked by increasing uncertainties and rapid transformations.