• calender-icon Event
  • Prudential Regulation
  • Posted: 05 Nov 2024

Meeting the expectations of SS1/23 Model Risk Management requirements

02
Dec
2024

Book your place
  • Calender-Icon Time: 13:00 - 14:30
  • Location-Icon Location: Webinar
  • Admin-Icon Organised By: KPMG
  • Currency-Icon Free to attend

A free webinar hosted by BSA Associate, KPMG LLP

SS1/23 requirements have been released with in-scope Banks and Societies developing and implementing remediation programmes to get to full compliance. Furthermore, firms currently out of scope for the formal requirements, such as majority for the building society sector, should still be considering the principles and good practice of model risk management on a proportional basis. Multiple challenges exist across the modelling ecosystem to ensure robust and proportionate model risk practices are in place and are effective, including: the role of governance committees, appropriate policy and frameworks, approach to independent validation, embedding firmwide model governance structures, implementing DQM governance and being set up to manage model risk for the future (such as how to leverage Gen AI models as they become increasingly deployed). This session will explore these topics in greater detail to draw out the challenges and how firms can embed highly effective model risk management processes.

Speakers:

  •  Andrew Fulton, Partner, KPMG LLP
  • Adam Tan, Director, KPMG LLP
  • Amy Hargreaves, Senior Manager, KPMG LLP
  • Steven Hall, Partner, KPMG LLP

Event Summary

  • Monday, 2 December 2024
  • 13:00 - 14:30
  • Amy.Hargreaves@kpmg.co.uk
  • Free to attend

You may also be interested in...

BSA Card
  • BSA.Event Event
  • Conduct Risk & Regulation

Employment Rights Bill

This webinar will cover a summary of the Employment Rights Bill, with a focus on the proposed changes that will affect Building Societies in particula...

BSA Card
  • BSA.IndustryResponse Industry Response
  • Conduct Risk & Regulation

FOS Consultation on charging Claims Management Companies & other professional representatives

The BSA strongly supports the principle of charging a fee to CMCs.

  • BSA.IndustryResponse Industry Response
  • Conduct Risk & Regulation

GC23-2 FCA Guidance consultation on financial promotions on social media

Our response to FCA GC23-2