Download this Complimentary Greenwich Associates Special Report

In this Special Report, Reducing the Risk of Using Financial Models, author Kevin McPartland, Head of Market Structure and Technology Research at Greenwich Associates, explores how the movement by financial institutions and regulators to develop standardized processes and technology for managing financial model risk would lower costs and potentially reduce systemic risk.

The report analyzes the techniques used by banks and other financial institutions to quantify and manage the risks associated with the use of increasingly complex financial models. The research set forth in this report is based on conversations with heads of model management at first and second-tier investment banks, asset managers and insurance companies, conducted in the first quarter of 2015.

Highlights of the report include:

  • Assessing the Top 5 dealers by market share in structured credit, along with the growing need for enhanced model risk management processes amongst the most systemically important institutions
  • Why the U.S. Federal Reserve System Board of Governors guidance SR 11-7 has become a key roadmap for change in governing model risk
  • Limitations of the Fed’s SR 11-7 guidance, in terms of model development, validation and ongoing model governance processes and how this has led to highly varied model risk management practices amongst different banks
  • The need for a more long-term, strategic approach going forward—including software solutions that could streamline and simplify the model risk management process at the enterprise level  

Complete the form to download this complimentary special report from Greenwich Associates, “Reducing the Risk of Using Financial Models.”

About Greenwich Associates:

Greenwich Associates is the leading provider of global market intelligence and advisory services to the financial services industry. We specialize in providing fact based insights and practical recommendations to improve business results. Our data focuses on the key metrics required for effective business management: operations performance, service quality, sales effectiveness, share of wallet, market share, brand, and behavioral trends. We are based in Stamford, CT with additional offices in Pleasanton, CA, London, Singapore, Tokyo, and Toronto. Javelin Strategy & Research is a division of Greenwich Associates. Visit our website, www.greenwich.com, for more information. 

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