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Regulatory Compliance

What is SR 11-7 Guidance?

What is SR 11-7 Guidance?

SR 11-7 provides supervisory guidance on model risk management (MRM). Initially published in April 2011, the...

CECL Model Risk & Compliance

CECL Model Risk & Compliance

What is CECL? Current expected credit loss, or the CECL framework, is a method of accounting for credit losses. CECL...

Spreadsheets, EUCs, and the PRA

Spreadsheets, EUCs, and the PRA

An analysis of the latest Dear CEO letter highlighting spreadsheet and EUC risks The trend continues. Regulators...