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 ...

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

Another significant reference is the COSO ERM (Enterprise Risk Management) framework, developed by the Committee of ...

The European Banking Authority is looking at ways to speed up the process of supervisors – such as the European Central Bank – approving significant updates to credit risk capital models, according to ...

Crisil Ltd, the global provider of advanced analytics and credit risk management solutions, has risen one place to #36 in the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. When planning for the future, one significant mistake I see business owners make comes when ...