Why SS1/23 Is Asking a Question Your GRC Platform Cannot Answer The Prudential Regulation Authority’s Supervisory Statement SS1/23 on Model Risk Management came into force in May 2024. Most UK banks have responded in the way banks always respond to new supervisory statements: they have updated their model inventories, refreshed their validation frameworks, and assigned […]
Why SS1/23 Is Asking a Question Your GRC Platform Cannot Answer
The Prudential Regulation Authority’s Supervisory Statement SS1/23 on Model Risk Management came into force in May 2024. Most UK banks have responded in the way banks always respond to new supervisory statements: they have updated their model inventories, refreshed their validation frameworks, and assigned owners to risk registers. What they have ……Read more by Editorial Team