What is model risk?

What it is about

Model risk is the potential loss an institution may incur from decisions based mainly on the results of internal models, because of errors in their development, implementation or use.

It is one of the activities through which the Club promotes a risk culture by exchanging ideas, research and best practices. Fernando Prieto and Leonardo Perozo take part as speakers, introduced by Francisco Rivillas, president of Némesis Risk, and Carlos Rijo, president of the Club.