Transcription of SR 11-7 attachment: Supervisory Guidance ... - Federal Reserve
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Page 1 SR Letter 11-7 Attachment Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency April 4, 2011 Supervisory Guidance ON MODEL RISK MANAGEMENT CONTENTS I. Introduction, page 1 II. Purpose and Scope, page 2 III. Overview of Model Risk Management, page 3 IV.
Apr 04, 2011 · characteristics, values, and events. Simplification is inevitable, due to the inherent complexity of those relationships, but also intentional, to focus attention on particular aspects considered to be most important for a given model application. Model quality can be measured in many ways: precision, accuracy, discriminatory power, robustness,
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