Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...

Every significant decision in your business rests, at some point, on a financial model. A model informs the acquisition you ...

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 ...

Key insight: Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, ...

Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...

The Federal Deposit Insurance Corp. issued revised model risk management guidance. The FDIC said Friday the revised guidance clarifies that model risk management should be tailored to the size, ...