Improve your model risk measurement
Complimentary book excerpt from Financial Institution Advantage and the Optimization of Information Processing
Financial Institution Advantage and the Optimization of Information Processing helps organizations improve infrastructure design, data governance and model risk management.
Author Sean Keenan outlines the strategies and tools needed for financial institutions to take charge and make the much-needed decisions to ensure that their firm's information processing assets are effectively designed, deployed and utilized to meet the strict regulatory guidelines.
This book excerpt focuses on model risk management, and explores:
- Three phases of model management.
- Model governance.
- How to define model risk.
- Objectifying the downside.
- Model risk attribution.