"[...] Model risk occurs primarily for two reasons:

• The model may have fundamental errors [...]
• The model may be used incorrectly or inappropriately. [...]" (Board of Governors of the Federal Reserve System, 2011).

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Keywords: definition of model, information analysis, auditing oversight, model risk, rigour, rigor

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Português: rigor em processo

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US Guidance on Model Risk Management (SR 11-7). Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, 4 April 2011. Available from < http://www.ilanet.com.br/portal/pub/Express/Model/sr1107a1.pdf >. access on 5 January 2023.

-- GregorioIvanoff - 20 Jan 2023
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