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Since banks implemented enhanced internal risk models to comply with Basel 2 standards, there has been widespread attention—and criticism—about how those models perform and the outcomes they generate. Issues such as lack of transparency, complexity and inconsistency between similar risk models have helped drive the need for TRIM.
Getting ready for TRIM can be costly and time-consuming, however, with model risk management being both a key enabler and potential stumbling block. Now, an accelerated approach using FICO Decision Central can help your business through the TRIM process and IRB Waiver applications. Download our Executive Brief now and learn how: