Global model practice survey 2010DOWNLOAD |
Deloitte presents the second edition of the model practice survey conducted during the first half of 2010. Due to the success of the 2009 edition, which primarily had European financial institutions in scope, it was decided to broaden the scope to global coverage. This survey includes the response of 89 financial institutions, including banks, insurers, and investment managers. The survey elaborates on the challenges that financial institutions face with models in an environment, in which prevailing financial risk management theory is being questioned.
The survey addresses four dimensions of model practice: model governance; model design and standards for acceptance; reporting and calculation systems; and data. The questions asked are relevant for banking, insurance and investment management regulation.
Besides the four model practice dimensions mentioned above, we interviewed the participants in more detail on a number of hot topics. The specific topics for this year’s survey are model risk, outsourcing, and counterparty credit risk.
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Global model practice survey 2010-full report
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- Communications Coordinator
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- sliosi@deloitte.gr
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