Model Risk Regulation Around the World – PRA SS1/23, SR 11/7, ECB TRIM and More
3 December 2025·11 min
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Understanding model risk is essential — but understanding how it is regulated across the world is what truly equips finance professionals to operate confidently in today’s global banking environment.
In this session, we explore the regulatory landscape of model risk management and break down the expectations, frameworks, and supervisory approaches used by the UK, Europe, the US, Asia, and the Middle East.
If you work in risk, modelling, validation, audit, compliance, or senior leadership, this lesson will give you the clarity you need to navigate cross-border expectations and build model governance frameworks that stand up to regulatory scrutiny.
What You Will Learn in This Video
• PRA SS1/23 explained
Understand why the UK now treats model risk as a primary risk category and what firms must demonstrate in their model risk management frameworks.
• How SR 11-7 shaped global standards
See how the US Federal Reserve’s guidance became the foundation of independent validation, model inventories, and senior oversight expectations worldwide.
• ECB and EBA expectations
Explore Europe’s more prescriptive approach, including TRIM, regulatory benchmarking, and harmonised validation requirements.
• Asia and the Middle East: fast-evolving frameworks
Learn how MAS, HKMA, SAMA, and UAE supervisors approach transparency, AI governance, fairness, and model lifecycle controls.
• Global versus local governance challenges
Discover how multinational banks balance differing regulatory rules through centralised frameworks, local adaptations, and proactive supervisory engagement.
• What regulators expect from firms today
From board-level oversight to performance monitoring, validation backlogs, and audit involvement — understand the practical expectations shaping modern model risk governance.
Who This Lesson Is For
• Model developers and quants
• Validators and model risk teams
• Internal auditors and compliance professionals
• Senior risk leaders, CRO functions, board members
• Anyone responsible for governance across multiple jurisdictions
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Keywords
model risk management, model risk regulation, PRA SS1 23, SR 11 7, ECB TRIM, EBA model governance, global model risk, banking regulation, model validation, model lifecycle, financial risk management, AI governance, industry portal, model oversight, supervisory expectations
model riskmodel risk managementbanking modelsPRA SS1 23SS1 23 explainedSR 11 7ECB TRIMEBA guidelinesMAS AI principlesmodel governancemodel validationmodel inventory
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