New York, NY, USA
June 20, 2008

Model Validation Best Practices: 
Achieving Value-Added 

Table of Contents

Return to report Abstract

Executive Summary 3
Introduction 6
Market Context and the Case for Best Practice Model Validation 7
Model Validation in the Context of Broader Model Governance 9
Organizational Design 15
Categorization of Models 19
Leading Model Validation Process 23
Lessons for the End Game 31
 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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