What is Model Risk?
1. Context
In this video from FRM Part 2 curriculum, we take a look at what is model risk and how model risk arises in the implementation of a model. This video is included in the FRM Part 2 preparation course. The details of the reading in which this topic appears are given below:
| Area | Supervisory Guidance on Model Risk Management |
| Reading | Operational Risk and Resiliency |
| Reference | Supervisory Guidance on Model Risk Management In Federal Deposit Insurance Corporation (June 7, 2017). |