Entries by aditya

Metrics for Machine Learning model evaluation

How you choose metrics determines how machine learning algorithms are measured and compared. This also brings to fore the importance of different characteristics in the results and your ultimate choice of which algorithm to choose. Evaluation is the first and the most important step in choosing any machine learning algorithm.  One model may pass muster […]

Surveillance Functions for 1ST Line of Defence

Major financial institutions are increasingly focused on effectively controlling non-financial risks in their front-office businesses. Drivers of this increased attention include regulatory pressure for greater accountability (most notably the Senior Managers Regime in the UK), Royal Banking commission reforms, well-publicized conduct issues, and recognition that the complexity of front-office activities requires a detailed application of […]

Steps in Developing a Conduct Risk Framework

Many financial services firms are now working to embed conduct risk management practices within their wider risk management frameworks, with a view to taking a consistent approach across their business units. Here are some of the key steps in developing a Conduct risk framework. Effective management of conduct risk is seen as a key component […]