ClusterSeven: Are Your Critical Spreadsheets Actually Models?

It used to be that only the largest financial institutions were impacted by model risk governance. Today, in addition to these, over 100 DFAST banks are implementing model risk governance. Furthermore, inventories of models, which are essentially simplified representations of real-world relationships among observed characteristics, values and events; are expanding dramatically as files are found that encompass all financial aspects of business areas – everything from derivative and financial
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