close
Share with your friends

The Future State of Model Validation - Centralisation vs Localisation

The Future State of Model Validation

How do financial institutions balance the desire to optimise model validation processes with meeting user expectations and regulators’ requirements?

1000

Related content

chip motherboard

As model use continues to proliferate throughout organisations, financial institutions (FIs) are being forced to consider how to optimise operations for their independent validation units (IVU). Increasing breadth of model usage and the greater complexity of model forms (e.g. AI, machine learning, etc) are incentivising institutions to explore optimisation in three areas: automation, standardisation and centralisation.

© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited  ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

 

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us