Experian announces Model Risk Governance Services(SM)

            Experian announces Model Risk Governance Services(SM)

New solution helps financial institutions meet the OCC regulatory requirements
for model risk evaluation

PR Newswire

COSTA MESA, Calif., May 1, 2013

COSTA MESA, Calif., May 1, 2013 /PRNewswire/ -- Experian^®, the leading global
information services company,today announced the availability of Model Risk
Governance Services^SM, a comprehensive service that enables financial
institutions to meet the Office of theComptrollerof the Currency (OCC)
regulatory requirements for model risk evaluation.

"All financial institutions that use models in their decisioning processes
must ensure that their internal policies and procedures are consistent with
the guidance outlined by the OCC regulations," said Shannon Lois, vice
president, consulting, Experian Decision Analytics' Global Consulting
Practice. "Financial institutions need to mitigate the potential risks arising
from the reliance on older models that may be underperforming. With
Experian's new service, model risk can be considerably reduced through our
rigorous and technically advanced model risk assessments."

How it works
Experian's Global Consulting Practice has deep regulatory experience and
established best practices, enabling them to provide an independent,
third-party review of model risk management and assist with audit preparation.
Model Risk Governance Services provides an in-depth review of the
organization's risk exposures, business activities, complexity and the extent
of its model use. The service will yield a gap analysis report and an action
plan based on best practices that include detailed recommendations designed to
meet regulatory compliance.

Additionally, Experian will conduct a series of tests to validate model
performance and accuracy that will produce specific performance comparisons to
the previous year's performance and to a series of industry benchmark models.
Experian also will test a series of attributes within a model for sensitivity
to small and significant changes in values, allowing the client to understand
how the model will perform under unexpected shifts in consumer behavior in
addition to more extreme economic conditions.

"Experian's analytical and modeling expertise allows us to provide all
required tests to meet model risk governance on several types of models,
including credit risk, econometric and pricing models," said Angela Granger,
vice president, analytics, Experian Decision Analytics. "This approach to
model risk validation brings together Experian's modeling expertise, data
assets and regulatory understanding. These elements are critical in helping
our clients clearly identify areas of model risk so they can meet the OCC's
regulatory requirements for comprehensive, annual model risk evaluation."

To find out more about Experian's Model Risk Governance Services, please visit
http://ex.pn/13GpyTo.

About Experian
Experian is the leading global information services company, providing data
and analytical tools to clients around the world. The Group helps businesses
to manage credit risk, prevent fraud, target marketing offers and automate
decision making. Experian also helps individuals to check their credit report
and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a
constituent of the FTSE 100 index. Total revenue for the year ended March 31,
2012, was $4.5 billion. Experian employs approximately 17,000 people in 44
countries and has its corporate headquarters in Dublin, Ireland, with
operational headquarters in Nottingham, UK; California, US; and São Paulo,
Brazil.

For more information, visit http://www.experianplc.com.

Experian and the Experian marks used herein are service marks or registered
trademarks of Experian Information Solutions, Inc. Other product and company
names mentioned herein are the property of their respective owners.

Contact:
Michael Troncale
Experian Public Relations
1 714 830 5462
michael.troncale@experian.com

SOURCE Experian

Website: http://www.experian.com
 
Press spacebar to pause and continue. Press esc to stop.