The PRA published Policy Statement 6/23 on 17 May 2023, confirming the model risk management principles for PRA-regulated banks using internal models, as proposed in Consultation Paper 6/22.
Download this At a glance to read a detailed analysis of the PRA’s finalised policy, and what it means for in-scope firms.
Nigel Willis
Partner, UK Financial Risk Management Leader, PwC United Kingdom
Tel: +44 (0)7843 370460