Large Bank Examination Workshop February 2026

Business Unit Roles

• Assist in classifying each model • Assist in developing model inventory • Document the decision to develop or purchase new models or upgrade existing versions • Develop schedule for validation • Develop appropriate documentation as required under these procedures.

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Business Unit Roles • Assist in developing and distributing each RFP for validation services for models • Assist in selecting the list of vendors to receive such RFP. • Review the responses to any RFPs and consult on the vendor to conduct any such validation. • Review the results of validation of any quantitative financial model and comment.

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