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Challenges and Solutions in Model Risk Management    

About this paper

New regulations such as Dodd-Frank and CCAR have introduced hundreds of new models to the risk management arena. Now it’s more important than ever for risk professionals to understand how to adequately identify, measure, manage and monitor the specific risks inherent in their models. This paper, produced in partnership with the Global Association of Risk Professionals (GARP), explores the rise of model risk awareness, sources of risk, taking inventory of and measuring risk, and why ensuring optimal models is critical.

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