Stay Informed
of New Reports
Twitter
Where To Report Waste
Fraud, Abuse, Or Retaliation
Where To Report Waste Fraud, Abuse, Or Retaliation
Recommendation Details
Text of Recommendation
Develop expectations for internal communications to ensure that COSMO and SMV group officials and staff share necessary information on validation resource availability to ensure that models are validated in a timely manner.
Recommendation Number
3
Recommendation Status
Closed
Significant Recommendation
No
Associated Report Details
Submitting OIG
Federal Reserve Board & CFPB OIG
Linked Report
The Board Can Enhance the Effectiveness of Certain Aspects of Its Model Risk Management Processes for the SR/HC-SABR and BETR Models