FFIEC IT Examination Handbook
Development, Acquisition, and Maintenance booklet (August 2024) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook DAM-V.D.1: V.D.1 Model Development (Development, Acquisition, and Maintenance)

Where models that apply statistical, economic, financial or mathematical techniques to produce quantitative estimates are developed for strategy, decisions, risk measurement, valuation, stress testing, capital, asset management, compliance, controls, reporting or disclosure, development follows the model risk management guidance of SR 11-7 and OCC 2011-12 with input, processing and reporting components controlled and validated.

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