Validating financial models updating xp sp3
Mountain View's comprehensive ALM model validation includes a formal model ranking relative to peer model implementations, with detailed model findings ranked in order of importance or model risk materiality.Based on our years of validation expertise, we also provide clients additional insight with advanced industry practices to offer added perspective and guidance.
The Numerix XML can also be ported to any regulatory or audit agency if required.
The internal and external acceptance of your risk indicators crucially depend on a fundamental validation of your risk model.
Based on our experience of market risk projects over many years, we know which factors are crucial for the quality of a risk model and we are experienced with validation procedures.
Once a deal type has been structured for one model, it is then priceable in all models, with all methods.
Thus, a model may be validated by comparing it to a large collection of Numerix models, to determine performance against a firm’s proprietary models.