CRIF InFocus on Regulatory Best Practices for Model Governance & Provisioning

CRIF India hosted the “CRIF Infocus” event where we delved deep into model governance, addressing the new regulatory guidelines from the Reserve Bank of India (RBI).
 
Attended by industry leaders, the event provided a comprehensive understanding of the practical implications and best practices for enhancing model governance frameworks.

The keynote address by Subhrangshu Chattopadhyay, Director-Business & Head Strategy at CRIF India, set the stage by highlighting the importance of proactive model risk management in the face of rapidly changing regulatory requirements followed by an insightful presentation by Atrideb Basu, Senior Director-Analytics Hub at CRIF India and Egypt, who outlined the key elements of effective model governance, including model lifecycle management, validation, and monitoring.

The fireside chat, featuring Amol Padhye, Executive Vice President and Head of Group Risk and Model Validation at HDFC Bank, and Subhrangshu Chattopadhyay, shed light on the evolving role of model risk management, the significance of robust validation processes, and the need for comprehensive documentation and communication with the new RBI guidelines.