Official policy proposals and consultations
CP6/22 – model risk management principles for banks
Overview
This Consultation Paper (CP) sets out the Prudential Regulation Authority’s (PRA) proposed expectations regarding banks’ management of model risk. The PRA has developed a proposed set of principles which it considers to be key in establishing an effective model risk management (MRM) framework.
External Links
Key Information
Jurisdiction: UK - UK-wide
Name of organisation: Bank of England, Prudential Regulation Authority
Date published: 21 Jun 2022
Categorisation
Domain: Financial services
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