The seminar, organized by Revue Banque (a leading financial industry editorial group belonging to the French Banking Federation), was attended by some 100 representatives from French and Spanish banks and dealt with current aspects of Model Risk (such as TRIM - the ECB initiative for the review of internal models) and examined how banks and regulators approach model risk. The event, moderated by Management Solutions, had the participation of Mr. François Louis Michaud, Deputy Director General of the ECB, and Mr. Fréderic Visnovsky, Deputy Secretary General of the Autorité du Contrôle Prudentielle et Résolution de France, as well as directors of Santander, BPCE Group, Crédit Agricole and Sociéte Générale.
Management Solutions’ presentation reviewed the regulations on model risk and shared best practice for implementing a model risk management framework.