Pre-reading
Pre-reading
Pre-reading | Risk Model Validation
In preparation for this informative training event, take a look at the Risk.net articles, highlighting the recent changes and challenges in Risk Model Validation :
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FREE ACCESS - Model risk tiering: an exploration of industry practices and principles
This paper seeks to shed light on one critical area of such frameworks: model risk tiering, or the rating of risk inherent in the use of individual models, which can benefit a firm’s resource allocation and overall risk management capabilities.
ACCESS ARTICLE | Risk Model Validation Journal -
Quants propose new method of calculating op risk VAR
READ ARTICLE | Risk.net -
The disputed terrain of model risk scoring
READ ARTICLE | Risk.net -
Common validation techniques for risk proxies found wanting
READ ARTICLE | Risk.net -
Journal of Risk Model Validation
READ ONLINE | Risk.net