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The New SR 26-02 Guidance from the OCC
April 28, 2026 | Agrawal Anant
The new MRM guidance didn’t just update SR 11-7. It exposed a much bigger problem. For years, model risk management has been treated as a structured discipline—defined by inventories, validation cycles, and documentation standards that became, in practice, a checklist. That era is now over. The latest interagency guidance shifts the industry toward judgment. Regulators are stepping back from prescriptive expectations and emphasizing a risk-based, proportional approach. On the surface, that’s a welcome correction. But there’s a second-order effect that…
