While the Federal Deposit Insurance Corporation (FDIC) updated its model risk management guidelines in June 2017, under FIL-22-2017, it has taken time for the full implications of the changes to ...

The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated draft of Guideline E-23 Model Risk Management (Draft Guideline) setting expectations related to ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

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 ...

North America dominates the global market with 38% of market share, led by the United States, where regulatory agencies such as the Federal Reserve, OCC, and FDIC continue to enhance guidelines for ...

Effective model monitoring is a critical component of model risk management for financial institutions. By establishing a robust, ongoing monitoring framework, institutions can enhance model ...

Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...

Christian is the CEO and Co-Founder of risk3sixty. As a cybersecurity expert, he has overseen more than 2000 engagements. There’s a common misconception floating around that companies are behind when ...

Overview AI risk management training is becoming essential across industriesLeading programs now combine governance, ethics, ...