Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

Risk Management is the process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the probability and/or impact of adverse ...

Everyone’s racing to deploy AI. But in third-party risk management (TPRM), that race could be the biggest risk of all. AI ...

IEC 60601 is no longer a standard of absolutes. The third edition allows, and in some instances requires, safety features and test requirements to be modified on the basis of risk management. By ...

Fintech startup Fabric is bringing new risk management tools into the hands of financial advisers. Fabric aims to differentiate itself from other risk management tools by hinging its product on factor ...

Successful risk management is essential to the design and development of safe and effective medical devices. Unfortunately, it is too often viewed by manufacturers as an isolated activity that must be ...

First coined by Bruce Schneier in his book Beyond Fear, the term "security theater" has entered the everyday lexicon to describe something that projects a facade of security without substantively ...

Once the risk team has been assembled, the crucial process of identifying risks must commence. The output of the risk ...

The list below offers a representative sample of the courses you can expect in the study of actuarial science and risk management at DePauw. From theoretical foundations to practical experiences, ...