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Evaluation of EXIM's Credit Loss Factor Model and Loss Reserve Process

Report Information

Date Issued
Report Number
OIG-EV-19-03
Report Type
Inspection / Evaluation
Joint Report
Yes
Participating OIG
Export-Import Bank of the United States OIG
Agency Wide
Yes (agency-wide)

Recommendations

Expanding the current model program into a formal MRM framework, particularly with an expansion to include better risk mitigation surrounding error checking, statistical reporting, execution of model changes, and role definition. One of these roles should include documentation updates (i.e., a checklist item) to ensure that the SOP matches the current process to reduce errors.