- Compliance & Regulation, Risk, Technology
Community Banks Gain Model Risk Flexibility
- Revised model risk guidance grants flexibility, but community banks remain responsible for oversight.
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Community and regional banks may have more flexibility under the federal banking agencies’ revised model risk management guidance, but institutions under $30 billion in assets should not assume model risk has disappeared from the regulatory radar.
That was a central message from Kevin Oden, founder and managing partner of Kevin D. Oden & Associates, during a recent ProSight Finan…
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