Regulatory Alerts2026-04-17 | FIL-15-2026Added · Updated
Interagency Supervisory Guidance on Model Risk Management
The OCC, Federal Reserve Board, and FDIC have issued revised supervisory guidance establishing a risk-based framework for managing model risk across the banking sector. The agencies require banking organizations, particularly those with over $30 billion in assets, to implement tailored governance, validation, and monitoring practices that align with each model’s complexity, purpose, and exposure. The framework emphasizes clear accountability, effective independent challenge, comprehensive third-party vendor oversight, and lifecycle documentation to ensure models remain reliable and fit for their intended business use.
More like this from FDIC
FDIC published 10 documents in the last 30 days. We email you each new one the day it's published.