PRA Issues Supervisory statement SS1/23: Model Risk management principles for banks - CIMCON Software

 


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/

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