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Lessons From Model Risk Management in Financial Institutions for Academic Research

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  • Mahmood Alaghmandan
  • Olga Streltchenko

Abstract

In this paper, we discuss aspects of model risk management in financial institutions which could be adopted by academic institutions to improve the process of conducting academic research, identify and mitigate existing limitations, decrease the possibility of erroneous results, and prevent fraudulent activities.

Suggested Citation

  • Mahmood Alaghmandan & Olga Streltchenko, 2024. "Lessons From Model Risk Management in Financial Institutions for Academic Research," Papers 2406.14776, arXiv.org.
    • Handle: RePEc:arx:papers:2406.14776
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    File URL: http://arxiv.org/pdf/2406.14776
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