Framework for Model Governance

IDC Financial Insights research shows growing interest in and knowledge of corporate gov ernance methods as well as increased application of these methods to business analytics used in the credit and capital functions

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This trend is in response to the potential business, operational, technology, and regulatory risks associated with modeling errors, inefficiencies, and rogue operations in critical business functions and the real, quantitative impact that can result. From interviews conducted in the past six months throughout these global regions, the prevailing industry consensus is that the ability to develop and maintain strong governance methods, policies, and controls is fundamental to the effectiveness of business strategies and data -driven decision making
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