tailieunhanh - International Association of Risk and Compliance Professionals 2012

Tham khảo sách 'international association of risk and compliance professionals 2012', kỹ năng mềm, tâm lý - nghệ thuật sống phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | International Association of Risk and Compliance Professionals IARCP 1200 G Street NW Suite 800 Washington DC 20005-6705 USA Tel 202-449-9750 Welcome to the February 2012 edition of the International Association of Risk and Compliance Professionals IARCP newsletter Dear Member Really what is a model The term model refers to a quantitative method system or approach that applies statistical economic financial or mathematical theories techniques and assumptions to process input data into quantitative estimates. Good definition Let s read more. Today we will start from something very important Some guidance for model risk management Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency SUPERVISORY GUIDANCE ON MODEL RISK MANAGEMENT Banks rely heavily on quantitative analysis and models in most aspects of financial decision making. They routinely use models for a broad range of activities including underwriting credits valuing exposures instruments and positions International Association of Risk and Compliance Professionals IARCP 0 - m zz z rhe CP CRCA4 p CISRCP measuring risk managing and safeguarding client assets determining capital and reserve adequacy and many other activities. In recent years banks have applied models to more complex products and with more ambitious scope such as enterprise-wide risk measurement while the markets in which they are used have also broadened and changed. Changes in regulation have spurred some of the recent developments particularly the . regulatory capital rules for market credit and operational risk based on the framework developed by the Basel Committee on Banking Supervision. Even apart from these regulatory considerations however banks have been increasing the use of data-driven quantitative decision-making tools for a number of years. The expanding use of models in all aspects of banking reflects the extent to which .