Interagency Guidance Revises Model Risk Management Practices

Interagency guidance on Model Risk Management was revised in 2026; this banker's guide explains what changed and outlines the updated provisions. The brief targets bankers and compliance teams and summarizes the revisions' implications for model governance, documentation, validation, and supervisory expectations.
Key Points
- 1WHAT: The interagency guidance on model risk management was revised in 2026.
- 2WHY: The banker's guide summarizes the specific changes introduced by the revised guidance.
- 3SO WHAT: Revisions alter expectations for banks' model governance, documentation, and validation practices.
Scoring Rationale
A revision to interagency model risk guidance directly affects regulated model governance and controls, making it notable for practitioners managing banking models.
Sources
Public references used for this report.
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