MANAMA: Recent market volatility and macroeconomic trends demand a significant change in the business, risk, compliance models used by banks, according to KPMG experts.
According to Angshuman Dey, a technical director for financial risk management with KPMG in Bahrain, realising the need for a strategic change management process built around strong governance, financial institutions are looking to facilitate effective implementation and compliance with model risk management (MRM) standards .
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