English

The role of the Model Validation function to manage and mitigate model risk

Risk Management 2012-11-02 v1

Abstract

This paper describes the current taxonomy of model risk, ways for its mitigation and management and the importance of the model validation function in collaboration with other departments to design and implement them.

Cite

@article{arxiv.1211.0225,
  title  = {The role of the Model Validation function to manage and mitigate model risk},
  author = {Alberto Elices},
  journal= {arXiv preprint arXiv:1211.0225},
  year   = {2012}
}

Comments

6 pages, 1 figure, accepted for publication in Bloomberg Risk Newsletter

R2 v1 2026-06-21T22:31:40.866Z