Tier one bank required a full review and redevelopment of their Model Risk Policy for credit models.

This included quantification of their model risk reserves for loan loss provisioning.

Our solution combined both policy and quantitative knowledge to assist the client.

QRisk established a best practice framework they can apply in the future to many other style of model within the bank.

This exercise was of critical importance to the bank since it managed more than 2,000 models across the organisation.

The report, recommendations and algorithms delivered were practical, innovative and achieved a great outcome with very positive feedback from the client.

Client was able to address regulatory and audit issues in an efficient manner.