Frameworks / SR_26_2

SR 26-2 — Model Risk Management

Federal Reserve / OCC · US · effective 2026-04-17 · SR_26_2

Replaced SR 11-7. Explicitly excludes generative and agentic AI as novel and rapidly evolving — the exclusion is the gap this registry addresses. VERIFY the citation before external use.

4 controls, mapped to the evidence that satisfies each

Every control links to the dimension whose evidence would satisfy it. That mapping is the working link between an obligation written in law or a standard and a document somebody has to produce. Each row has its own address: link to a single control.
ControlTitleRequirementSatisfied by
III.BEffective challengeIndependent, informed, incentivised challenge of model design and outcomes.D2
V.AValidation independenceValidation carried out with rigour and free of misaligned commercial incentive.D2
II.AModel definition and inventoryModel inventory covers every model in use, with owner and version.D6
IV.COngoing monitoringPerformance tracked against benchmarks with escalation thresholds.D6

What this mapping is, and what it is not

It is a reading of a published instrument, with each control cited to its source, mapped to the kind of evidence that would satisfy it. It is not legal advice, not a certification, and not a statement that any organisation complies with anything. Where an instrument is not yet in force, this page says so rather than selling urgency.

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SR 26-2: 4 controls, each cited