Model Risk (disambiguation)

Model Risk may refer to:

• 💡

  Model risk management (financial services)

  A risk-management discipline focused on losses or adverse outcomes from incorrect or misused statistical/economic/quantitative models in banking and finance.

• 💡

  Model risk (machine learning)

  The risk of incorrect behavior in AI/ML systems due to problems with model design, training data, evaluation, or deployment assumptions.

• 💡

  Model Risk Management (MRM) in credit/market risk frameworks

  The set of governance processes and controls used to manage model risk within formal credit and market risk regulatory frameworks (often referenced as MRM).