Solutions for an Independent Validation Function

Both banks and regulators want to manage the risk created by the use of models, but they’re frequently at odds over how to do it.

In the new yearbook of the Frankfurt Institute for Risk Management and Regulation (FIRM), Fintegral Partner Dr Andreas Peter and Helaba Bank Head of Credit Risk Management Stephan Kloock present some possible solutions to this conflict over model risk management.

Focussing on one element of the process, model validation, they outline how efficient design can address both regulatory and commercial priorities.

Read their article here.