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SR 26-2 Regulates Your Models, Not Your AI Agents: What Banks Need to Know
August 6, 2026 | Agrawal Anant
On April 17, 2026, the Federal Reserve, the OCC, and the FDIC issued the first overhaul of model risk management guidance in fifteen years. SR 26-2 replaces SR 11-7, the framework that has shaped how banks build, validate, and govern models since 2011. Buried in a footnote is the line that matters most to anyone running generative AI or AI agents inside a bank: those systems are explicitly outside the scope of the new guidance. That should not be read…
