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What is Model Risk and Why Does it Matter?

DataRobot Blog

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. Stress testing was heavily scrutinized in the post 2008 financial crisis. The climate risk model makes robust scenarios possible. Assess Variables.

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Cloudera wins Risk Markets Technology Award for Data Management Product of the year

Cloudera

Cloudera comprehensively supports the demanding risk and compliance requirements of financial services and insurance organizations globally and it is an honor to receive this recognition. Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

Risk 86
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Banking on mainframe-led digital transformation for financial services

IBM Big Data Hub

Why mainframe application modernization stalls We’ve experienced global economic uncertainties in recent memory, from the 2008 “too big to fail” crisis to our current post-pandemic high interest rates causing overexposure and insolvency of certain large depositor banks.

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

In recent posts, we described requisite foundational technologies needed to sustain machine learning practices within organizations, and specialized tools for model development, model governance, and model operations/testing/monitoring. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk.

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New CIO appointments in India, 2022

CIO Business Intelligence

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . Prior to joining Fractal, Tiwari was senior vice-president and global CISO at Airtel, where he set up the managed security services initiative Airtel Secure for Business.

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FRTB: Will 2023 Finally be the Year?

Cloudera

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. FRTB is designed to address some fundamental weaknesses that did not get addressed in the post-2008 financial crisis regulatory reforms. Operational Impact of FRTB.

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