SS 3/18 MODEL RISK MANAGEMENT PRINCIPLES
SS 3/18 MODEL RISK MANAGEMENT PRINCIPLES
12 PagesSS 3/18 MODEL RISK MANAGEMENT PRINCIPLES For Stress Testing Models "This Prudential Regulation Authority (PRA) supervisory statement (SS) sets out the PRA’s expectation as to the model risk management practices firms should adopt when using stress test models. It supports firms’ development and implementation of policies and procedures to identify, manage and control the risks inherent in the use of stress test models." —The Prudential Regulation Authority on Supervisory Statement 3/18 2 | Model Risk Management Principles SS 3/18 MODEL RISK MANAGEMENT PRINCIPLES For Stress Testing Table of Contents Executive Su
