Lower-risk models face excessive reviews, banks say
Risk Benchmarking: Validation workload stretching teams, amid emerging regulatory divergence
This piece is part of a series benchmarking bank model risk management practices. Risk Management subscribers can view selected cuts of the underlying data here. Sign up for Risk Benchmarking emails here.
Banks complain they are expending scarce resources validating models of limited importance, with fears over the capacity of teams to meet internal and regulatory demands.
More than half of banks
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