Cimcon

  The Prudential Regulatory Authority’s SS1/23 outlines mandatory model risk management principles for UK banks, effective May 2024. This blog breaks down the five core principles, key MRM requirements, and next steps for aligning with the new standards. Visit:  https://cimcon.com/pra-issues-supervisory-statement-ss1-23-model-risk-management-principles-for-banks/

  Reduce EUC Risk by addressing spreadsheet errors, strengthening Excel controls, improving model and AI governance, and validating RPA accuracy. Gain visibility into critical end-user applications to lower risk exposure, improve compliance, and protect key business processes. Visit:  https://cimcon.com/2019-perspectives-reducing-spreadsheet-other-end-user-computing-risk/