As a result of the struggle to enhance internal capabilities to address the changing environment, a strain has been placed on the model development and validation functions, which commonly leads to organizational tension and inefficiency.
This paper discusses opportunities to refine the way that model developers and model validation interact to improve efficiency and effectiveness without compromising the need to maintain independence and provide challenge.
Brad McGourty – Partner in the Americas Finance & Risk and Public Policy Practices
Jeffrey A. Brown – Partner in the Americas Finance & Risk and Public Policy Practices