Watch now: Model Risk Governance – You Need a Wider Lens US
Financial institutions are required to adopt-all inclusive model risk management and governance programmes and strategies. However, to deliver against such a demanding mandate, banks need to pull back their governance lens to understand and manage their models more holistically. Data quality is critical to the results that the risk management and governance models deliver, but do financial institutions know exactly where the data (most commonly held within EUC’s / EUDA’s)comes from that feeds the models?
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