Model risk managers see growing regulatory divergence
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Risk Benchmarking study finds most banks expect easing of model risk supervisory scrutiny in the US, but tightening in Europe
This piece is part of a series benchmarking bank model risk management practices. Risk Management subscribers can view selected cuts of the underlying data here. Sign up for Risk Benchmarking emails here.
The first rewrite of US model risk supervisory guidance in 15 years has received a mixed reception from the banks whose frameworks it governs, a Risk.net study finds, even as two-thirds say they
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