Determining Model Risk and Validation Activities

Banks and other financial services organizations are increasingly dependent on a variety of models to support their economic, financial, and compliance decision-making processes. Since the Supervisory Guidance on Model Risk Management (OCC 2011-12, SR 11-7) was published in April 2011, financial institutions have made significant investment in developing effective model risk management programs. This ABA webinar recording focuses on assessing model risk and aligning a validation approach commensurate with model risk.