Mitigating Risk with Model Risk Management and Model Validation

By John Epperson and Chad Kellar, CPA
| 2/1/2015
Banks increasingly use complex models to help them make sound economic-, financial-, and compliance-related decisions. The models can help banks mitigate some of the risks they face in today’s ever-changing regulatory environment, but they are just one piece of the puzzle. Paired with the appropriate level of validation, model risk management frameworks can help banks and other financial institutions meet the heightened regulatory expectations.
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