More Flexibility, More Judgment in Model Risk
Nicole Lather
The federal banking agencies’ revised model risk management guidance looks, at first glance, like a simplification story. The new framework is shorter, more principles-based, and less prescriptive than the guidance many banks have been living under since 2011. But the practical effect may be more complicated: institutions now have more room to tailor model risk […] The post More Flexibility, More Judgment in Model Risk appeared first on ProSight Financial Association .