Finally, a professional group for model-risk managers

As models of all stripes crowd into finance, the people who screen them form an association

Globe

“All models are wrong, but some are useful,” said statistician George Box in 1978.

And now, there’s an association for the people who figure out which are which.

With models virtually flooding the financial world, those who vet them are banding together to try to create a standards-setting body. Founded in March, the Model Risk Managers’ International Association (MRMIA) has already drawn 1,800 professionals via LinkedIn, and is forming chapters in New York and London.

The group – it is open

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: