AI Governance Monitoring for Banks: What Changed When SR 11-7 Was Rescinded

TL;DR For 15 years, a bank building an AI governance monitoring program had one reference document to build it against. SR 11-7 named the questions an examiner would ask: is the model doing what it was built to do, is someone checking, and can the bank prove it. That document does not exist anymore. On […]
OCC AI Collections Audit: Nine Artifacts to Have Ready

Key Takeaways SR 26-2, issued jointly by the Federal Reserve, OCC and FDIC on April 17, 2026, replaced SR 11-7 and sets out a risk-based approach to model risk management. It is supervisory guidance that does not set enforceable standards, and it is expected to be most relevant to banks with over $30 billion in […]

