Kathlyn L. Farrell and Adam Ingles to Participate in ABA Briefing: Model Governance: Best Practices for Governing and Validating Models
Date: Wednesday, June 3, 2015
Time: 2-3:30 PM ET
Topic: Model Governance: Best Practices for Governing and Validating Models
The business of banking has many types of models -- AML transaction monitoring and fair lending analysis are two common types of models used in financial institutions for managing compliance.
Model governance is an important facet of maintaining systemic models and model validation is a regulatory requirement. In this briefing, our panelists will discuss leading practices around model governance and the scope, frequency and testing aspects of model validation.