PRMIA Institute Publications


Ethical Considerations In Parsimonious Model Selection

Written by Dr. Gary Nan Tie, Dr. Bob Mark

This paper explores how fairness is an important consideration in finding a parsimonious model solution. 

Environmental Risks & Banking

Written by Dr. Edward Thomas Jones

The paper is aimed at financial professions, regulators, policymakers and researchers in the area of banking who seek to understand where this new field of research currently is and what evolution is to be expected.


Operational Resilience - A New Age of Reason?

Written by Thibaud de Barmon and Simon Tweddle

In this paper, we explore the latest developments in operational resilience, from regulatory updates to latest best practices.


Parsimony - A Model Risk Paper

Written by Gary Nan Tie and Dr. Bob Mark

In this paper, we systematically explore how to understand and mitigate model risk. Guidance is given on finding parsimonious models within a spectrum that neither under fit nor overfit data in order to rationally and consistently make informed business decisions.


The Impact of Climate Risk on Financial Institutions

Written by Oscar McCarthy, Ken Radigan, and Alexandru Voicu 

In this paper, the PRMIA Institute provides Risk Leaders with an overview of the critical industry changes associated with different climate change scenarios, insight into the key risks, and a discussion of how these risks can be managed.


Much-Needed Credit Insights

Written by Kenneth Chen and David M. Rowe

In our "Much Needed Credit Insights" we discuss a multi-component, granular and forward-looking framework that is practically applicable in today's market. In order to achieve this, financial institutions require advanced support from experts in data, technology and analytics, and we lay out the skills required for implementation. 


PRMIA Certification is already on my resume and I have had three interviews in just last week, for risk management positions. The certification is opening up a lot of new career opportunities for me that I had never even dreamed of. Gundeep Anand, PRM, Chicago, USA