The Federal Reserve Board of the US (Fed Reserve), in association with the Office of the Comptroller of Currency, issued a joint directive vide SR 11-7 Supervisory guidelines on Model Risk Management. SR 11-7 requires model risk to be managed from the time the models are developed. Get an understanding of the background behind SR Letter 11-7 and the purpose and scope behind the supervisory guidance on model risk management. Buy the complete version of the training program at
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