Digital & Resilience

Complex regulatory challenges loom for UK bank risk models

By Carl Ireland
BRR fallback image

The paper outlines the Prudential Regulation Authority’s (PRA) vision for improved model risk governance, including five key principles that must be integrated into every firm’s risk management framework.

New MRM principles

By providing a consistent set of expectations for all model types, the PRA’s new principles intend to address the ...

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