• calender-icon Event
  • Prudential Regulation
  • Posted: 05 Nov 2024

Meeting the expectations of SS1/23 Model Risk Management requirements

02
Dec
2024

  • Calender-Icon Time: 13:00 - 14:30
  • Location-Icon Location: Webinar
  • Admin-Icon Organised By: KPMG
  • Currency-Icon Free to attend

A free webinar hosted by BSA Associate, KPMG LLP

SS1/23 requirements have been released with in-scope Banks and Societies developing and implementing remediation programmes to get to full compliance. Furthermore, firms currently out of scope for the formal requirements, such as majority for the building society sector, should still be considering the principles and good practice of model risk management on a proportional basis. Multiple challenges exist across the modelling ecosystem to ensure robust and proportionate model risk practices are in place and are effective, including: the role of governance committees, appropriate policy and frameworks, approach to independent validation, embedding firmwide model governance structures, implementing DQM governance and being set up to manage model risk for the future (such as how to leverage Gen AI models as they become increasingly deployed). This session will explore these topics in greater detail to draw out the challenges and how firms can embed highly effective model risk management processes.

Speakers:

  •  Andrew Fulton, Partner, KPMG LLP
  • Adam Tan, Model Risk Management UK Lead, KPMG LLP
  • Amy Hargreaves, SS1/23 Working Group Lead, KPMG LLP
  • Steven Hall, Partner, KPMG LLP

Event Summary

  • Monday, 2 December 2024
  • 13:00 - 14:30
  • Amy.Hargreaves@kpmg.co.uk
  • Free to attend

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