Federal banking agencies retire SR 11-7

US-FEDMAJORGuidanceModel riskFinancial services AIAutonomous agents

What changed

SR 11-7 was superseded; generative and agentic AI sit outside the replacement's scope pending separate guidance.

Who this touches

Banks and their model-risk functions; anyone deploying GenAI in regulated finance.

Why it matters

The interim period puts GenAI governance on institutions' own judgment — documented judgment.

Suggested next step — and why

Extend model-risk inventory to GenAI now; the coming expectations will ask when you started.

The clock

Successor GenAI guidance expected; date open.

The editor's read

The duty isn't to review — it's to be able to prove you reviewed. Undocumented diligence is now indistinguishable from none. — IDV

Source: Interagency guidance text — read in the original, not from coverage.

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Curated nightly by Dr. Ivan Del Valle — AI governance architect, editor of The Compact. Disagree with a reading? Write ivan.delvalle@rsit.ai — every message is read, most are answered. Corrections are published, not buried. · Today's brief · Method · Reporting free forever; the desk is sustained by its data plans.