FDIC Revises Model Risk Management Guidance for Banks

By Katherine Hamilton

The Federal Deposit Insurance Corp. issued revised model risk management guidance.

The FDIC said Friday the revised guidance clarifies that model risk management should be tailored to the size, complexity and model risk profile of a banking organization.

The guidance highlights sound principles for model risk management, including factors that influence model risk and monitoring, as well as governance and controls.

The guidance is expected to be most relevant to banking organizations with more than $30 billion in total assets, the FDIC said.

Write to Katherine Hamilton at [e-mail]

(END) Dow Jones Newswires

04-17-26 1649ET