AML Model Validation: Effective Process Verification Requires Thorough Documentation
Increasing regulatory scrutiny due to the catastrophic risk associated with anti-money-laundering (AML) non-compliance is prompting many banks to tighten up
Mitigating EUC Risk Using Model Validation Principles
The challenge associated with simply gauging the risk associated with “end user computing” applications (EUCs)— let alone managing it—is both
Open Source Governance: Three Potential Risks
For many companies, the question is no longer whether to use open-source tools, but rather how to implement them with
Advantages and Disadvantages of Open Source Data Modeling Tools
Using open source data modeling tools has been a topic of debate as large organizations, including government agencies and financial
Open Source Software for Mortgage Data Analysis
While open source has been around for decades, using open source software for mortgage data analysis is a recent trend.
Balancing Internal and External Model Validation Resources
The question of “build versus buy” is every bit as applicable and challenging to model validation departments as it is
Credit Risk Transfer: Front End Execution – Why Does It Matter?
This article was originally published on the GoRion blog. Last month I described an overview of the activities of Credit
Performance Testing: Benchmarking Vs. Back-Testing
When someone asks you what a model validation is, what is the first thing you think of? If you are
4 Questions to Ask When Determining Model Validation Scope
Model risk management is a necessary undertaking for which model owners must prepare on a regular basis. Model risk managers
Managing Model Risk and Model Validation
Over the course of several hundred model validations we have observed a number of recurring themes and challenges that appear
Preparing for Model Validation: Ideas for Model Owners
Though not its intent, model validation can be disruptive to model owners and others seeking to carry out their day-to-day
New Capital Planning Expectations for Large Financial Institutions and What It Means For You
The Federal Reserve Board (FRB) recently released regulatory guidance outlining its capital planning expectations for large financial companies. The guidance
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