4most release best practice guidance for Model Risk Management

We’re excited to announce that we’ve released our latest expert guidance for Model Risk Management (MRM), this time focusing on the best practices banks need to follow to successfully prioritise MRM in 2025.

The reliance on models in modern banking means that there is greater focus than ever before on MRM. As a result, financial services organisations and regulators are starting to recognise the risk to both organisations and customers of models not performing as intended.

In short: MRM may not be new, but it can no longer be under-prioritised.

Written by 4most’s very own specialists, this latest guide provides crucial background and suggests ways in which enhanced MRM can provide significant benefits to organisations of all sizes — especially those with larger teams and many more sources of risks to consider.

What’s inside the guide?

This in-depth resource was designed to provide you with the latest best practice guidance for Model Risk Management. It contains detailed insights for integrating successful MRM practices, including expert advice on…

• Understanding the key definitions
• Managing the main sources of model risk
• Building a positive model risk management culture
• Leveraging controlled innovation
• Improving efficiency and unlocking hidden business value

Looking to prioritise Model Risk Management in 2025?

Then read the guide for free on our website, share it among your team, and ensure everyone understands the role they have to play in unlocking business value through robust MRM.

Or, you can get more insights by reading our special, four-part article series on MRM from the links below:

• The three core elements of robust Model Risk Management
• Establishing a positive model risk culture (core element #1)
• Leveraging controlled innovation (core element #2)
• Improving efficiency (core element #3)

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