Supervisory Guidance on Model Risk Management Study Notes contain 13 pages covering the following learning objectives:
* Describe model risk and explain how model risk can arise in the implementation of a model.
* Describe elements of an effective process to manage model risk.
* Explain best practices for the development and implementation of a model.
* Describe elements of a strong model validation process and challenges to an effective validation process.
After reviewing the notes, you will be able to apply what you learned with practice questions.
No Sample AvailableShop Courses