Meeting SR 26-2’s Demonstrable Evidence Standard for Model Risk Management

SR 26-2 has drawn a mostly positive reaction, with some practitioners viewing it as easier to implement than SR 11-7. That’s a fair read given the real flexibilities built into the updated guidance: A narrower definition of what counts as a model Validation cycles set by materiality rather than the calendar Independence is judged by […] The post Meeting SR 26-2’s Demonstrable Evidence Standard for Model Risk Management appeared first on Credit Benchmark .