Model validation is the most scrutinised MRM pillar in bank examinations. This guide covers the three SR 11-7 components, independence requirements, documentation checklist, and how AI models change validation under SR 26-2.
The April 2026 revised model risk guidance excludes generative AI — here is how banks should govern LLM deployments, manage hallucination risk, and build audit trails before examiners arrive.
Microsoft Copilot for Finance is already live in most bank Microsoft 365 tenants. Here is what compliance and technology leaders must configure before the next examiner visit.
SR 11-7 was replaced by SR 26-2 in April 2026. This complete guide covers what changed, what stayed the same, and the AI governance gap that banks must address now.
The regulators just told you the dominant risk framework for model governance doesn't cover the AI systems your institution is now deploying. Here's what to do about it.
