In a post-COVID-19 world, proactive model risk management by all lines of defense is needed now – not only to meet new regulatory expectations, but also to strengthen institutional resiliency.
The impact of the global pandemic on banking business operations has uncovered some unexpected flaws in the models that institutions rely on to operate their businesses.
The COVID-19 pandemic has revealed deep flaws in some widely used advanced analytics techniques.
Banks have traditionally considered financial crime and fraud as two distinct categories of risk. But as these crimes become increasingly sophisticated, the traditional boundaries between them are becoming blurred, meaning that banks need to align their approach to dealing with them.
Welfare economics seeks to understand the value of both the positives and negatives of technology adoption.
