The FDIC said Friday the revised guidance clarifies that model risk management should be tailored to the size, complexity and model risk profile of a banking organization. The guidance highlights ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

Every big bank has a risk management team whose job it is to keep the banks out of trouble. The teams use complex computers to guide the banks away from financial danger. But as the global credit ...

Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness “Manual documentation, siloed ...

GLDB says its leaner, flatter organisational structure, with experienced banking professionals, enables it to rapidly scale ...

Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...

Processing payments is complicated. This is primarily due to the numerous players involved in the ecosystem: credit and debit cards, risk vendors, merchants, processors (for both acquirers and issuers ...

Infrastructure does not need to reinvent risk management; it can accelerate by learning from other industries that are ...

In the dynamic landscape of decentralized finance (DeFi), risk management is the bedrock upon which sustainable lending protocols are built. The challenge lies in finding the delicate balance between ...

Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO ...

JBA Risk Management, a specialist company focused on flood hazard modelling and climate risk analytics, has introduced a new ...