Advanced Internal Rating-Based (AIRB) Approach: Measuring Credit Risk

Learn how the Advanced Internal Rating-Based (AIRB) approach helps financial institutions internally assess credit risk using ...
JD Supra

The Standard Formula: A Guide to Solvency II – Chapter 9: Internal Models

There are two main methods of calculating the solvency capital requirement (SCR) under Solvency II, the “standard formula” and “internal model” methods: (a) The standard formula method, as its name ...

What Traditional Risk Models Miss About Human Presence

Modern financial systems are built on risk models for good reason. They provide structure in uncertainty, comparability ...
Finextra

Model risk management: not just for risk models

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 ...
JD Supra

The UK’s Model Risk Management Principles for Banks

Against a background of increasing reliance on models and scenario analysis to assess future risks, the UK’s bank regulator, the Prudential Regulation Authority (“PRA”), has published a supervisory ...
SiliconANGLE

Ethos raises $6M to enhance model risk management for financial institutions

Modern model risk management startup Ethos AI Inc. announced today that it has raised $6 million in new funding to expand its engineering team, enhance its go-to-market efforts and strengthen its ...
Business Wire

Experian and ValidMind Partner to Transform Model Risk Management

COSTA MESA, Calif.--(BUSINESS WIRE)--Experian, a leading global data and technology company, and ValidMind, a leader in model risk management solutions, today announced a strategic partnership ...
Forbes

Dynamic AI Governance Key To Responsible Risk Management

Forbes contributors publish independent expert analyses and insights. I cover the intersection of people, risk, leadership and performance. As AI continues to proliferate in its adoption across ...
Hosted on MSN

BSP wants banks to adopt model risk management

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is proposing regulations that would help financial institutions manage risks emanating from their reliance on models for critical business ...