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Episode 44: Model Risk Management
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Innehåll tillhandahållet av Deloitte LLP. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Deloitte LLP eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
The Prudential Regulation Authority’s supervisory statement (SS1/23) on model risk management principles for banks is due to take effect from 17 May 2024. Given that the statement was released in May 2023, banks have had some time to digest it, however careful consideration will be required to ensure that banks’ model risk governance, controls, policies, processes, and reporting meet the PRA’s expectations.
In this episode of Regulated Radio, Rod Hardcastle is joined by Deloitte Partner Ian Wilson to discuss the five key principles of SS1/23, the associated challenges banks face and how banks can minimise the costs of meeting these new expectations.
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