New York, NY, USA
August 26, 2008
The past few years have seen the establishment of model validation units. However, best practices are only employed by a minority, and it would be optimistic to conclude that the state of the model validation market is close to the end game. Dr. Mayiz Habbal, Senior Vice President of Celent's Securities & Investments Group, examines how to build a streamlined process that can deliver robust quality control around the entire model lifecycle. He also discusses best practices for building a model governance framework to contain risk, as well as potential pitfalls.
This presentation draws on findings from the Celent report Model Validation Best Practices: Achieving Value-Added, June 2008.