Insights

Banking Regulators Replace Comprehensive Model Risk Management Guidance with Risk-Based Approach

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Summary Situation Overview: On April 17, 2026, the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) jointly issued revised model risk management (MRM) guidance,…

OCC GENIUS Proposal: Three Policy Issues to Watch

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Summary Situation Overview: The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking (NPR) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The NPR addresses…

Vice Chair Bowman Elaborates on Supervisory Priorities and Examination Approach

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Summary Situation Overview: In a recent speech, Vice Chair for Supervision Bowman reiterated the Federal Reserve’s supervisory operating principles and described how the Fed’s supervision should work in practice. What: Firms should…