What model risk managers can learn from a 17th Century Swedish shipwreck
By Evgueni IvantsovDecember 18, 2023
In the era of AI expansion, the issue of model risk has become more critical than ever. The Bank of England, recognising the urgency, laid down the fundamental principles of model risk management in its May supervisory statement SS1/23. History teaches us that ignoring these principles often ...
Already a subscriber? Log In
Read Next:
June 20, 2023
Going digital has transformed systemic risk
Over the past decade or so, the banking industry has undergone substantial transformations. These changes have been primarily driven by the digital revolution, which has left a profound impact on...
Read more