Banks join forces on model development utility
Crisil is working with HSBC and three other banks on platform to share model-building tools
A group of banks is working to create a utility to pool data and development methodologies for the purpose of building models that could be deployed for stress-testing, among other use cases. The effort is aimed at reducing the costly overheads associated with model development and validation, and speeding up production time.
The project has been under way for about a year, and is being
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