Fed leaves generative AI out of its updated model risk rulebook
This is a regulatory gap, not a green light. US banks will still need to document their credit and fraud models under the new SR 26-2, but anything involving ChatGPT or AI agents remains without written rules for now. This doesn't change much for you directly, unless you work at a bank and are waiting for an official framework to roll out an internal AI copilot.
practitioners › The Fed, OCC, and FDIC published SR 26-2 on April 17, 2026, replacing SR 11-7 after 15 years; generative AI and agents are explicitly excluded from scope as "new and rapidly evolving."
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