OSFI Releases Final Guideline E-23 for Model Risk Management and AI Use by Federally Regulated Finan
On September 11, 2025, as part of its quarterly release of regulatory changes, the Office of the Superintendent of Financial Institutions Canada (OSFI) published its final version of Guideline E-23 ...
Situation Overview: On April 17, 2026, the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) jointly issued revised model ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
As federal banking agencies refresh model risk guidance and the FDIC flags funding, interest-rate and credit pressures, FFERM Technologies founder Dr. Jeffrey L. Edwards says static heat maps cannot ...
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 ...
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 ...
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 ...
The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance that go beyond merely defensive moves by the internal ...
Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...
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