Large Bank Examination Workshop February 2026

Session Objectives By the end of the session, participants will be able to: • Describe the importance of independence in the validation process • Discuss the strengths and drawbacks of internal vs. external validation teams • Assess the requisite knowledge, skills, and expertise of validation resources • Explain the importance of resolving validation findings and issues

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Elements of a Sound Validation Program

• Data and Assumptions • Model Theory • Model Code and Mathematics • Model Reports

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