SAS: Model Risk Management: Vital To Regulatory And Business Sustainability

Analytical models are the lifeblood of modern financial institutions. Throughout their life cycles, they affect the needs of many different stakeholders across the organization. Adverse consequences result if business decisions are made as a result of misinformed or incorrect model use. 

Accordingly, financial institutions are marshaling their resources to address a variety of analytics and governance challenges underlying current and emerging business and regulatory requirements. As they do