Methods and Processes for Effective Model Validation

Interview with Antton Barandiaran, Vice President, Model Validation at Santander
Sept. 26, 2012 - PRLog -- Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to understand how they could minimize and manage model risk effectively. In addition, the OCC and the Federal Reserve have recently released new guidelines on model risk management, which will significantly modify their existing model risk management practices.

Antton Barandiaran answered a series of questions written by GFMI before the forthcoming Model Risk Conference, December 3-5, 2012 in New York, NY. Antton shares his thoughts on model risk strategies.

Antton Barandiaran Vice President of Model Validation at Santander U.S. Mr. Barandiaran participated in the start-up of the model validation department, which covers the model
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Tags:Risk Management, Risk, Model Risk, Risk Modelling, Finance
Industry:Banking, Finance
Location:Chicago - Illinois - United States
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