Of use to anyone working on internal model validation, I clocked this presentation from one of Ernst and Young's finest across the pond. Some useful context within it, particularly showing where the E&Y guys have come across gaps in validation policies, methodologies, documentation.
This is all in the context of the States' own preparations for ORSA under the guise of the NAIC (indeed I touched on it the other day), but is of course very handy on our side of the Atlantic!
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