Model risk falls under the CCAR microscope
Fed using qualitative reviews to test compliance with SR 11-7
The Federal Reserve is training its sights on the quality of model risk governance at the largest US banks in the qualitative portion of its annual stress tests.
Dealers subject to the regime report that examiners – who have spent the past several weeks assessing the 13 ‘large and complex’ firms that are subject to the qualitative reviews – have shown a particularly keen interest in how banks are
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