Resources
Prognoses from VBC for the Regulatory Road Ahead
As 2023 draws to a close, the risk specialists at VBC would like to share our prognoses and predictions for the regulatory road ahead. Our views reflect what we have seen from our clients following the high-profile failures of Silicon Valley, Signature, and First Republic, as well as our careful read of regulatory pronouncements and …
What is an Automated Valuation Model (“AVM”) and do we have to validate it?
Posted in Credit Risk, Insights, Model Validations, MRM
AVMs are a regulatory hot topic at the moment. It likely these are considered “models” per regulatory guidance meaning users will have to validate any AVM in use. To provide some background, an AVM is an Automated Valuation Model, and per Fannie Mae, AVMs are “statistically based computer programs that use real estate information, such …
VBC Advisors Announces the Launch of a $10 Billion Crossover Readiness Preparation and Planning Services Offering
Posted in MRM, News & Events, VBC Advisors
In making this offering, VBC Advisors applies its agile, client-centric services delivery model to ensure that its pool of skilled consulting resources and experts are carefully aligned against client requirements. VBC Advisors delivers comprehensive, fit-for-purpose and tailor-made governance, risk, and compliance (GRC) frameworks, independent risk and gap assessments, and actionable, independent guidance supporting $10 billion threshold …
Model Risk Management’s Role With BSA/AML Compliance
Posted in Financial Crime Consulting, Insights, MRM
On April 9, 2021, the Joint Regulatory Agencies issued a statement to address how the Supervisory Guidance on Model Risk Management (MRMG) applies to models used by financial institutions (FIs) to assist in complying with BSA laws and regulations. The statement is not meant to change or add requirements. Instead, it clarifies and highlights the …
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