Large Bank Examination Workshop February 2026

‘All models are wrong; some models are useful.’

Source: Box, G. E. P., Hunter, J. S., and Hunter, W. G. Statistics for Experimenters: Design, Innovation and Discovery , 2 nd Ed., Hoboken, NJ: Wiley, 2005, p. 440.

5

Model Risk Management

Regulatory Guidance and Best Practices Session 1

Session 2

Model Development, Implementation, and Use

Session 3

Model Validation

Session 4

Governance, Policies, and Controls

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3

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