The Next S-curve in model risk management

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<namePart>Gerhard, Frank </namePart>
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<abstract displayLabel="Summary">The economic effects of the COVID-19 pandemic have thrown into stark relief the significant challenges facing banks' financial models. Some models have failed in the crisis, an outcome that has drawn attention to models generally. The causes of the failure include not only COVID-19 effects but also regulatory requirements and models' increasing time to market. Institutions are realizing that even models which have not been significantly affected by these stresses are wanting in other ways.</abstract>
<note type="statement of responsibility">Frank Gerhard...[et al.]</note>
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