Model Risk Management in 2026: A Banker’s Guide to the Revised Interagency Guidance
Summary
The new interagency guidance for model risk management, effective April 17, 2026, shifts to a risk-based, principles-driven framework, demanding a unified, governed lifecycle for all models, including GenAI, with evidence of governance generated automatically. Databricks offers a reference architecture to meet these revised expectations, integrating model development and validation into a single, auditable process.
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