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 ...
Artificial intelligence is creating new opportunities across a wide range of use cases in the financial industry. Leading firms are looking for opportunities to better balance innovation with risk and ...
AI can supercharge work, but without guardrails it can mislead fast — so humans, governance and smart frameworks still need ...
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 ...
The dynamic, automated, continuous risk management framework addresses the shortcomings of its predecessor, the Risk ...
Though distinct from the Cybersecurity Framework, the RMF helps agencies manage their cybersecurity risks and put in place the right controls. Phil Goldstein is a former web editor of the CDW family ...