(CORES) Certified Operational Risk Executive Specialist Practice Test
CORES CORES Model Risk & Quantitative Methods
How is 'model risk' defined in the context of operational risk management?
Select your answer
A
The risk that a financial model produces inaccurate outputs leading to adverse decisions
B
The risk that IT systems will fail to run quantitative models
C
The risk that regulators will reject all internal models
D
The risk of losing key model developers to competitors
Hint
