Spotlight on Model Risk Management
Chartis Research published a report titled “Spotlight on Model Risk Management” which outlines Chartis’ evolving approach to model risk research. This report combines model risk governance and model validation, reflecting the convergence of the two disciplines in the marketplace.
To start off, it’s important to note that how institutions are conceptualizing and managing model risk is ever-evolving due to the scope of available quantitative modeling techniques continue to expand. The paper
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