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Many of the largest banks in Europe have adopted the Advanced Internal Ratings Based approach to Capital calculation to gain a competitive advantage from the lower capital cost it provides, but this benefit comes with a cost of additional regulation and governance requirements. Now, with the ECB’s Targeted Review of Internal Models (TRIM) in full swing, the burden of governance has reached critical mass and organizations are looking to model risk management to streamline the process and relieve some of the pain of demonstrating compliance, allowing Risk and Product teams to really drive the business.