IACPM/Fintegral Study Shows Trend toward more Rigorous Model Risk Governance

The IACPM, in conjunction with Fintegral Consulting AG, an international consulting firm with a strong focus in all areas of credit risk modelling, surveyed 54 financial institutions across the globe to assesses the progress made since the US Office of the Comptroller of the Currency (OCC) published its SR 11-7 Guidance on Model Risk Management (MRM) in 2011, a cornerstone of regulation which established a new standard for MRM.

A White Paper outlining key findings can be found here:

IACPM/Fintegral 2016 Study:
Observations on Model Risk – How financial institutions deal with the risk their models create