How to adapt to new rules on model riskBy Kishore Ramakrishnan
July 31, 2023
Risk and governance experts at banks will be pivotal in the transition to new rules on model risk, set by the UK’s Prudential Authority.
Banks’ board of directors and senior management will be on the hook for enforcing robust model risk management that meet the five principles set ...
The UK’s Prudential Regulation Authority (PRA) has published detailed principles for banks to follow on managing their model risk. The PRA’s supervisory statement published on 17 May contains few surprises, according to several market...Read more