The sudden and severe economic shocks from the pandemic created model risk challenges, because of the magnitude of behavioural and market changes, and the pace at which these changes occurred.

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

An i ncreasingly complex set of rules governs utility electric grids, and the financial consequences of failing to comply are rising. Utilities also face a business imperative to maximize grid ...

Grid reliability, operational efficiency and regulatory compliance are at the top of every electric utility’s priority list. Aligning every planning and operations silo across the organization to ...

Although executives often talk of new business models, the more important challenge in business today is understanding and embracing a new management model. Most executives still don’t know the ...