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SR 26-2 Changes Model Risk Management. EUC Governance Needs to Change With It.
August 19, 2026 | Agrawal Anant
The banking industry has spent the better part of fifteen years building model risk management programs around SR 11-7. Earlier this year, the Federal Reserve, OCC and FDIC issued revised guidance, with the Federal Reserve publishing it as SR 26-2. The new guidance supersedes SR 11-7 and puts greater emphasis on a simple principle: risk management should be commensurate with the actual risk a model creates.That sounds straightforward, but in practice, it requires banks to understand their risk environment much…
