by Jonathan Leonardelli, FRM | Sep 19, 2024 | Model Development
This blog series explores the stages of the Model Development Lifecycle (MDLC) so that you understand the components of model development and maintenance as well as where potential sources of model risk can reside. Read the first post here for an introduction to the...
by Jonathan Leonardelli, FRM | Sep 5, 2024 | Model Development
Few people know that model development has a lifecycle (MDLC) just like software development. What is the Model Development Lifecycle? The model development lifecycle is a process that any modeler or risk manager should be aware of when models are being created and...
by Regitze Ladekarl, FRM | Jun 10, 2024 | Risk Report
The Risk Report is always excited to dive into news details that validate what it already believes to be true. And if it can be combined with topical lyrics from Queen Bey, it is even better. So, remember the yield curve? The one by all measures has been inverted for...
by Regitze Ladekarl, FRM | Feb 26, 2024 | Risk Report
Information about the Chinese financial markets is often fleeting, sparse, and long after the fact. This week, however, Bloomberg brought a piece on a recent Quant Quake, a headline too good to pass up. The piece talks about how Chinese quant hedge funds—hedge funds...
by Samantha Zerger | Oct 15, 2019 | CECL
The Board of Governors of the Federal Reserve System’s SR 11-7 supervisory guidance (2011) provides an effective model risk management framework for financial institutions (FI’s). SR 11-7 covers everything from the definition of a model to the robust...
