Experts to discuss quantitative models and share tips for model governance MENLO PARK, Calif., Feb. 2 /PRNewswire/ -- WHAT: Quantitative models are widely used in modern finance and recent market turmoil has once again exposed the inherent risks and dangers in model usage. Hundreds of billions of dollars have been lost due to faulty models or improper usage of models. Virtually no organization is immune from model risk and, while model risk is unavoidable, it can be managed and controlled. Join experts from Protiviti Inc., a global business consulting and internal audit firm, for a one hour webinar where attendees will learn about: * Historical insights into the evolution of quantitative modeling and model disasters * Common issues and challenges faced by model stakeholders * Key elements of effective model governance * A holistic approach to model validation * A viewpoint on the future of model risk management. WHEN: Thursday, February 5, 2009 at 10:00 a.m. PST/12:00 p.m. CST/ 1:00 p.m. EST WHO: Yakov Lantsman, PhD, Managing Director, Protiviti Matthew Moore, Director, Protiviti HOW: Register for this complimentary webinar by visiting http://www.protiviti.com/go/modelrisk by February 4. (Logo: http://www.newscom.com/cgi-bin/prnh/20090115/AQTH541LOGO) http://www.newscom.com/cgi-bin/prnh/20090115/AQTH541LOGO http://photoarchive.ap.org/ DATASOURCE: Protiviti Inc. CONTACT: Kathy Keller of Protiviti Inc., +1-650-234-6252, Web site: http://www.protiviti.com/go/modelrisk

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