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Your bank has great model risk governance. Your CRO still can't get a fast answer. Here's where governance and intelligence diverge — and how to close the gap.
Financial services risk management has become extraordinarily sophisticated in the years since the global financial crisis. Model risk governance frameworks, stress testing infrastructure, limit monitoring systems — the investment in risk infrastructure has been substantial. SR 11-7 remains the regulatory standard against which most institutions benchmark their model risk management programs. Most major financial institutions now have more risk models, more data feeds, and more monitoring dashboards than any risk team can meaningfully monitor.