Management Solutions participated as a speaker in an on-line training program organized by Marcus Evans on Model Risk Management (MRM), aimed at representatives from international and local financial institutions
The Model Risk Masterclass was held virtually and featured speakers from AEGON, Royal Bank of Canada, Lloyds Banking Group and Yields.io among others, who had the opportunity to discuss key issues for the industry such as regulatory requirements on MRM, how build a model risk management framework, and open problems in advanced model validation.
Management Solutions´ presentation was entitled "Latest Developments in Model Risk Management" and reviewed the MRM regulations and their likely future development, and examined the components of a model risk management framework, explored the model risk of artificial intelligence and machine learning models, delved into AutoML issues, and introduced the concept of model risk management as a source of efficiency improvements and cost savings.
