Model Risk Governance Leading Practices from Empowered Systems

Mathematical models, algorithms and calculation engines are increasingly a part of everyday life. They operate in a broad range of systems, from the bots designed to snap up eBay deals, restaurant bookings, and concert tickets, to the pathfinder algorithms inside Satnav systems or air traffic controls.

Modeling processes have always been a part of finance. Some have described high level financial institutions as being essentially technology firms, so it is unsurprising that here, at the

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