Inventory
recommended
Model inventory & tiering
Maintain a complete model inventory tiered by materiality, with documented development evidence for each model.
Regulation
SR 26-2 — Interagency Model Risk Management Guidance (successor to SR 11-7)
US Fed / OCC / FDIC · USA (banking) · Guidance
This page is a plain-English summary written by us, not legal advice — the official text is linked above. Our catalogue was last reviewed 2026-08-15; that is a review of the whole catalogue, not an independent legal verification of this entry.
Authority
US Fed / OCC / FDIC
Jurisdiction
USA (banking)
Type
Guidance
Status
Guidance
Maximum penalty
Supervisory findings (MRAs) for regulated banks
Catalogue reviewed
2026-08-15
Official source checked
2026-08-23 — unchanged since our last read
Official text
Status
Issued Apr 2026, superseding SR 11-7/OCC 2011-12; GenAI & agentic AI out of scope pending interagency RFI
Requirements (2)
Validation
recommended
Independent validation & monitoring
Independent validation covering conceptual soundness, ongoing monitoring (incl. benchmarking) and outcomes analysis/backtesting; change management triggers revalidation; vendor models validated too.
Dates that matter
Guidance
2026-04-17 · in force
SR 26-2 — revised Model Risk Management guidance (supersedes SR 11-7)
Modernised interagency MRM guidance for banks >$30B; supervised ML is in scope, generative & agentic AI are explicitly out of scope pending an interagency RFI.
Action: Update your model inventory, tiering and validation program to SR 26-2; track the forthcoming AI RFI for GenAI/agentic.
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