Sharing our whitepaper summarizing the recent Model Management Standards (MMS) published by the CBUAE and the future of Model Inventory Management in the GCC region.
The CBUAE's new guidelines aim to ensure effective management of model inventory, requiring all licensed entities to maintain comprehensive inventory of all their models along with the capabilities to retire old models, model categorization/prioritization, robust nomenclature and version control, etc.
Coupled with technology changes, including the use of Cloud-based solutions as well as advanced analytics to track model usage, governance, etc, these guidelines will help financial institutions improve operational efficiency, reduce costs, and enhance transparency and accountability.
Our proprietary solution MRM Vault has been designed with the aim to future proof your inventory management process with robust and customizable workflows, ease of deployment, intuitive UI, risk tiering, incisive reporting and dashboarding modules, a comprehensive audit trail, and much more.
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