JD Supra

Banking Regulators Replace Comprehensive Model Risk Management Guidance with Risk-Based Approach

On April 17, 2026, the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit ...
Business Wire

ValidMind Recognized as a Three-Time Category Leader in Chartis Research’s Model Risk & Validation 2024 Report

PALO ALTO, Calif.--(BUSINESS WIRE)--ValidMind, the leading next-generation AI and model risk management platform for financial services, today announced it was recognized in the Chartis Research Model ...
JD Supra

The UK’s Model Risk Management Principles for Banks

Against a background of increasing reliance on models and scenario analysis to assess future risks, the UK’s bank regulator, the Prudential Regulation Authority (“PRA”), has published a supervisory ...
Finextra

Navigating Model Risk Management Regulation On A Global Scale

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...
Finextra

Model risk management: not just for risk models

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...