Abstract
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Table of Contents
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Table of Contents
Model Risk Framework Concepts
Topic:
Model Risk; Model Risk Management; Governance; Operative Risk Management; Risk Modeling
Content Type:
Members Meeting Discussion; Video
Publish or Meeting Date:
2023-03-23
Meeting Name:
March 2023 in Houston
Abstract:
A major update to our draft paper on model risk management in the energy industry.
The Model Risk Management initiative has developed a draft paper and hosted several discussions with members since its first introduction by KPMG in 2021.
This video is a review of some excellent content added to the draft paper in February of 2023. Akshay does a great job here providing a workable framework based on the banking industry's regulatory requirements, from which we may further advance the CCRO paper which is focused on energy industry model risk.
We anticipate having several virtual meetings to discuss the details of how we would further refine this framework to be practical for any energy company with a strong reliance on models...
Video length: 28min