About this paper

The waters of model risk management are tough to navigate. In April 2019 the ECB presented their latest set of finding of how safe and sound European banks’ market risk models are. Of 30 banks the ECB found, on average, 32 issues with modelling practices – with nine of those issues deemed severe.

SAS and Risk.net has compiled a series of articles and Q&A’s to help you steer through the harsh waters that is model risk management.

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS solutions are used by more than 3500 financial institutions worldwide, including 97 percent of the banks on the Fortune Global 500.