PRA confirms model risk principles for banks

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.

 

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Stewart Cummins

Stewart Cummins

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Nigel  Willis

Nigel Willis

Partner, UK Financial Risk Management Leader, PwC United Kingdom

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Matthew Dodgson

Director, UK LIBOR Models Team, PwC United Kingdom

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Vivek Kadiyala

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