PwC's April 24, 2026 regulatory briefing for financial services clients highlights new model risk guidance from US banking regulators, alongside private fund reporting updates. The guidance signals that regulators are formalizing oversight expectations for AI/ML models used in financial decision-making, extending or updating the SR 11-7 framework that has governed model risk management since 2011. For financial institutions, this creates a compliance cost and governance layer for AI deployments, structurally shaping how banks can operationalize AI models in credit, risk, and trading contexts.
233 other tracked developments touching the same claims.