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4most Extends Partnership With Commercial Bank Of Dubai To Support Model Risk Management Enhancement
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DubaiCityGuide.com: News Feed
4most is continuing its partnership with Commercial Bank of Dubai (CBD) to support the Bank’s independent validations of key risk models and is working in collaboration with CBD to strengthen their model risk management framework.
Since then, the partnership has expanded, with multiple phases of model validation successfully delivered and further phases currently underway as part of a structured, multi-year engagement.
The 4most approach Working closely with CBD's risk and analytics teams, 4most has undertaken detailed validations across a wide range of risk models.
This work has included comprehensive reviews of model methodologies, data inputs, assumptions, performance testing and implementation controls, alongside enhancements to documentation standards in line with CBD's Model Management and Governance Policy and Model Validation Standards, while also supporting compliance with the UAE Central Bank's Model Management Standards (MMS) and Model Management Guidance (MMG) requirements.
Commenting on the partnership, CBD stated: "Our partnership with 4most has supported the continued development of our model risk management framework and validation practices.