Enterprise-wide Model Risk Management for Deposit-Taking Institutions

OSFI is issuing a draft guideline on Enterprise-Wide Model Risk Management for Deposit-Taking Institutions. While taking into consideration the size and degree of sophistication of institutions to which the guideline applies, OSFI has established its expectations regarding a consistent standard of sound practices for managing and controlling the use of models. Comments or questions regarding the draft guideline should be submitted to OSFI by February 28, 2017.