Large Bank Examination Workshop February 2026

Reports • Independent review of a model’s underlying theory should always extend to the reports that transmit information from the modeler to the decision maker. An essential element of designing a model’s reports is ensuring that the results are communicated clearly and accessibly.

 Is the report right?  Is it the right report?

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Record Retention • Policies and procedures for record retention that specify the retention requirements for:  Output reports  Model changes • Usually, record retention is addressed by an institution-wide policy to which the model validation policy refers  Data inputs  Assumptions

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