An increasing reliance on models, regulatory challenges, and talent scarcity is driving banks toward a model risk management organization that is both more effective and value-centric.

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An increasing reliance on models, regulatory challenges, and talent scarcity are driving banks toward a model risk management organization that is both more effective and value-centric.

Financial institutions have already invested millions in developing and deploying sophisticated MRM frameworks. In analyzing these investments, we have discovered the ways that MRM is evolving and the best practices for building a systematically value-based MRM function.