Model Risk Management Principles for Banks | SS1/23 Supervisory Statement | Aligne Podcast скачать в хорошем качестве

Model Risk Management Principles for Banks | SS1/23 Supervisory Statement | Aligne Podcast

#AlignePodcast #ModelRiskManagement #RiskAdvisory In this episode, we're taking a deep dive into the supervisory statement (SS1/23) by the Bank of England regarding model risk management principles for banks. Here is quick summary of what you will learn in the next 30 minutes: Key Changes & Impact: Understand what's new and how it affects your bank. Compliance & Preparation: How to get ready for the May 2024 effective date. Challenges & Solutions: Understand the key changes and how Aligne can guide you through these updates. Resources: Where can you find more information and stay updated This episode is a must-listen for bankers, banking leaders, decision-makers, risk managers, consultants, and advisors. ✅ TIMESTAMPS: 01:14 Quick overview of key learnings 02:17 What is Model Risk Management (MDM)? 03:23 Significance of SS1/23 for MDM 04:56 Introduction to the 5 Principles of MDM 09:45 Impact of SS1/23 for the UK banks 10:59 Key challenges for banks when implementing SS1/23 12:55 How can Aligne help with SS1/23 implementation 15:02 Who is impacted by the SS1/23? 15:57 Implications of non-compliance for banks 18:25 How to prepare for the SS1/23 20:44 Impact of SS1/23 on overall risk landscape and risk management for banks 24:01 Role of technology in Model Risk Management 26:30 Benefits for banks - looking beyond compliance 28:42 Balancing act of staying competing while maintaining compliance 32:20 Where to find more information ✅ RESOURCES 1. SS1/23 Supervisory Statement Office page: https://www.bankofengland.co.uk/prude... 2. PDF copy of the Supervisory Statement from Bank of England: https://www.bankofengland.co.uk/-/med... 3. ARTICLE: Evolution of Model Governance Landscape in UK - https://www.aligne.ai/blog/evolution-... ✅ LINKEDIN & WEB LINKS : Denis Henderson on LinkedIn -   / denis-henderson   Gurpreet Dhindsa on LinkedIn -   / gurpreetsdhindsa   Aligne LinkedIn Page -   / aligneai   Website: https://aligne.ai Email: info@aligne.ai