model risk

MSquare and the Laws of Model Monitoring

21 Jan: MSquare and the Laws of Model Monitoring

Model Monitoring is a branch of governance and regulations theory defined for financial services. It is proven that unregulated and ungoverned business often leads to inefficiency. More precisely, it studies the effects of changes in the internal and environmental systems at the macroscopic scale by analysing the collective motion of models using analytics. Though there are many important model monitoring principles that govern the behaviour of models, the most critical principles are defined in three basic laws of Model Monitoring,

Importance of Model Governance in Organizations

06 Jan: Importance of Model Governance in Organizations

Corporates and Banks base their important decisions on data, such as to make profit, reduce cost or save themselves from making loss. They need to take many crucial decisions with respect to:

Investing in a new venture.
Choice of consumers to target in a direct marketing campaign
Identifying fraudulent credit card transactions in real time.
Answers to all the above business decisions are either a “Yes” or “No”. For example “Yes” to invest in a new venture, “Yes” to target a consumer, “Yes”, the credit card transaction is fraudulent.

M² - Model Risk Management & Governance Platform

05 Nov: Webcast – Evolution of Model Governance in Banks

This webcast is a recording of the recently conducted BRIDGEi2i Webinar – The Evolution from Model Validation to Model Governance for Banks

BRIDGEi2i Industry Experts, Anand Melige and Ashish Sharma discussed the growing importance of model risk management and the needs and challenges of decision makers in financial institutions in the present scenario.