Global Model Practice Survey 2011 - Growth Through Model Control

Background

Deloitte's Global Model Practice Survey (GMPS) provides insight into the maturity of model practice within financial institutions. This survey focuses on developments in the various elements of the model life cycle. The survey was conducted during the second half of 2011, with the participation of 89 financial institutions from all around the world.

Models are at the heart of financial institutions, and they can be powerful tools in assessing risk and improving decision making. The financial crisis taught financial institutions that simply relying on the outcome of models is itself a risk. So, understanding the risks, their limitations and the economic environment is critical when using models.