Learn about the Merton Model for evaluating corporate credit risk, developed by Robert Merton in 1974, and used by analysts ...
Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many ...
The revised guidance creates an opportunity for institutions to rethink their model risk strategies. The first priority is ...
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 ...
Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...
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 ...
OSFI Releases Final Guideline E-23 for Model Risk Management and AI Use by Federally Regulated Finan
On September 11, 2025, as part of its quarterly release of regulatory changes, the Office of the Superintendent of Financial Institutions Canada (OSFI) published its final version of Guideline E-23 ...
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