Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

IEC 60601 is no longer a standard of absolutes. The third edition allows, and in some instances requires, safety features and test requirements to be modified on the basis of risk management. By ...

Risk management is the process of identifying, analyzing, and mitigating uncertainties and threats that can harm your company or organization. No business venture or organizational action can ...

Jochen Schwenk is CEO of Crisis Control Solutions LLC & Schwenk AG, an expert in risk and crisis management for the automotive industry. Risk management is a critical component of daily life and, of ...

Successful risk management is essential to the design and development of safe and effective medical devices. Unfortunately, it is too often viewed by manufacturers as an isolated activity that must be ...

Risk Management is the process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the probability and/or impact of adverse ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

Kayla Missman specializes in making complicated topics more approachable. She has eight years of experience in journalism, editing and marketing, allowing her to dive into interesting topics and ...

BOSTON--(BUSINESS WIRE)--ProcessUnity, provider of comprehensive end-to-end third-party risk management and cybersecurity solutions to leading enterprises, today announced the completed integration of ...