About this eBook:
The Prudential Regulation Authority (PRA) consultation paper on model management principles (CP6/22) sets outs proposed expectations regarding bank’s management of model risk – covering all elements of the model life cycle and application to all types of models used to inform business decisions.
But what does potential incoming regulation mean for UK Banks? And how can Banks invest and advance MRM practices to meet new requirements in advance of regulatory reform?
Download this ebook to understand incoming model management regulation, the challenges and best practices to consider to responsibly manage AI and how to take a strategic and consistent approach to model management across all elements of the model life cycle.
