Banking models after COVID-19 : taking model-risk management to the next level

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<subTitle>: taking model-risk management to the next level</subTitle>
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<namePart>Plantefeve, Olivier </namePart>
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<namePart>Tejada, Maribel </namePart>
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<namePart>Van Weyenbergh, Frédéric</namePart>
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<abstract displayLabel="Summary">The COVID-19 pandemic is taking a terrible toll in human life and in the livelihoods of millions the world over. As people and institutions struggle to contain the spread of the virus, the measures necessarily imposed have caused major economic disruptions. Every industry has been affected, and banking is no exception. Capital, profit-and-loss, and liquidity positions have been hit very hard. One consequence has been that banks' models have broken down across their business. The flaws have put the reliability of these models in doubt and suggest that they cannot be trusted to help banks navigate through the crisis.</abstract>
<note type="statement of responsibility">Marie-Paule Laurent...[Et al.]</note>
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