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Model Risk Management

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Category : Risk Management.

Topic : Model risk management guidance fdic.

Author : Alicia Ernest.

Published : Sun, Apr 28 2019 :9 AM.

Format : jpg/jpeg.

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Appropriate Risk Management cannot give you the capabilities to predict the future, but it can offer you an approach that allows you to detect the appearance of threats early enough to respond effectively. To be able to anticipate incidents, you must be able to carry out a complete analysis of your organization; in which all the elements that compose it are well defined as well as its strategic objectives. Before establishing a plan, think about taking into account not only the company’s current situation but also possible future scenarios. It is recommended that you do not underestimate any possible high-impact event; even if it seems unlikely.

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