What is Model Risk and Why Does it Matter?
DataRobot Blog
APRIL 29, 2022
The FDIC’s action was announced through a Financial Institution Letter, FIL-22-2017. In 2017, additional regulation targeted much smaller financial institutions in the U.S. when the Federal Deposit Insurance Commission (FDIC) announced its adoption of Supervisory Guidance on Model Risk Management , previously outlined by the FRB and OCC.
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