ValidMind logo and link to homepage
  • Home
  • Why ValidMind
  • Use Cases
  • Platform Overview
  • Blog
  • About
Request A Demo

SS1/23 Model Risk Management Principles for All Banks

Juan Martinez May 17, 2023 blog

The Prudential Regulation Authority’s (PRA) supervisory statement SS1/13 Model Risk Principles for All Banks, signifies a major shift in model risk management (MRM) for banks, and emphasizes the need for clear accountability, rigorous governance, and continuous monitoring and validation of models. The role of technological …

Read More
governanceregulatoryupdates

The Democratization of Models and its Challenges for Model Risk Management

Saee Joshi May 3, 2023 blog

Throughout history, many human inventions have been democratized as technology has advanced, from the wheel to the printing press, to the smartphone. More recently, advances in the areas of computing power, programming capabilities, and data/information availability have resulted in a proliferation in the development and …

Read More
governanceknowledgeregulatory

Understanding Uncertainty for Model Risk Management (Part 1)

Juan Martinez April 18, 2023 blog

Uncertainty plays a critical role in AI model risk management since it can affect their performance, reliability, and ability to make accurate predictions. Practitioners involved with these models, depending on their role within organizations, may not have a complete understanding of the concepts behind model …

Read More
governanceknowledgeregulatory

Model Risk Management: Evolution, Landscape, and What’s at Stake

Mehdi Esmail March 31, 2023 blog

Models deploy into more and more areas of business operations in Finance, Healthcare, Retail, and many other industries bringing benefits to these institutions but also exposing them to greater operational, reputational, and regulatory risks. This is especially true in the Financial Services and Insurance industries, …

Read More
companygovernanceknowledgeregulatory

© Copyright 2023 ValidMind Inc All Rights Reserved.

Privacy Policy

Terms of Use

Contact Us

Careers

  • Home
  • Why ValidMind
  • Use Cases
  • Platform Overview
  • Blog
  • About