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Model risk management transformation
Financial institutions have been maturing their approaches to MRM and – as models become more complex and pervasive, and regulatory expectations continue to increase – leading financial institutions seek faster and further movement. Ashutosh Nawani, head of financial risk management, and George Stylianides, global risk lead, financial services, at PwC Risk Consulting, explore why, by revising their approaches to MRM, institutions are targeting flexible, adaptable and efficient MRM functions that are fit for the future and will deliver real business value
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