Insight
2023 EMEA Model Risk Management Survey
Preparing for a growing model landscape in a fast-changing world
During July and September 2023, 119 companies (85 banks and 34 insurers) across Europe, the Middle East and South Africa participated in the 2023 EMEA Model Risk Management (MRM) Survey. Model risk management continues to increase in importance as banks and insurers rely more on models than ever before. The increasing risks (e.g., from AI and machine learning) are recognized by prudential regulators and risk practitioners around the world.
This survey contributes to both a systemic and business-specific understanding of model risk, which will help firms to achieve a more mature model risk management framework and ensure responsible use of models.
Is your firm prepared to handle the increasing risks of AI and machine learning? Find out the insights of 119 companies across EMEA in the 2023 Model Risk Management Survey.
Download the reports here or discover the key findings in this blog.
