Opinion, Risk Management

What model risk managers can learn from a 17th Century Swedish shipwreck

By Evgueni Ivantsov
model risk management
Image via Getty

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 ...

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