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In June 2021, the Financial Services Agency (FSA) published a consultation document of “Principles for Model Risk Management,” inviting public comments from 25 June to 26 July, 2021. Through the consultation process, the FSA received 87 comments from 61 individuals and organizations. The FSA would like to thank all those who submitted the comments for their cooperation.
Following due consideration on the comments received, the FSA has finalized "Principles for Model Risk Management." The English translation of the Principles is available below (see Attachment).
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Principles for Model Risk Management (PDF:922KB)
