Model Drift Monitoring and Governance in Financial-Institution Machine Learning: Aligning Adaptive Detection Systems with Federal Model Risk Management Guidance
On April 17, 2026, the Federal Reserve, OCC, and FDIC jointly issued SR 26-2, Revised Guidance on Model Risk Management, which supersedes both the foundational 2011 guidance (SR 11-7 / OCC Bulletin 2011-12) and the 2021 interagency statement on BSA/AML...