RMA Model Risk Management White Paper Provides Critical Market Intelligence

RMA is set to release a landmark white paper on the current state of model risk management in the financial services industry that is informed by a comprehensive survey of banks of all sizes. The paper provides details on approaches to reporting lines, staffing, validation frequency, vendor use, and many other key considerations. The report on RMA’s Model Risk Management/ Vendor Model Survey comes as banks increasingly rely on models to identify and measure risks, value exposures, conduct …