Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 4/27/2011

Regulatory Practice Letter #11-07 

OCC and Fed Jointly Release Supervisory guidance for Model Risk Management
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The Office of the Comptroller of the Currency (“OCC”) and the Federal Reserve Board (“Fed”) have jointly developed and issued supervisory guidance to govern the management of risks that arise from using quantitative models in decision-making.