United Kingdom

Details

  • Industry: Financial Services, Insurance, Solvency II
  • Type: Business and industry issue
  • Date: 05/10/2011

Internal Model Validation 

 
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Validation can be thought of as the controls over the Internal Model processes, in a similar way to how the financial systems are validated. Hence, firms need to understand the end-to-end process that will be covered by the validation framework.