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OCC Bulletin 2021-39 | August 18, 2021

Model Risk Management: New Comptroller's Handbook Booklet


Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties


The Office of the Comptroller of the Currency (OCC) issued today the new "Model Risk Management" booklet of the Comptroller's Handbook, which is prepared for use by OCC examiners in connection with the examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations (collectively, banks). This booklet is part of the Safety and Soundness series of the Comptroller's Handbook.

Note for Community Banks

The "Model Risk Management" booklet applies to the OCC's supervision of community banks.


This booklet

  • presents the concepts and general principles of model risk management.
  • informs and educates examiners about sound model risk management practices that should be assessed during an examination.
  • provides information needed to plan and coordinate examinations on model risk management, identify deficient practices, and conduct appropriate follow-up.

Further Information

Please contact Caroline Stuart, Governance and Operational Risk Policy Analyst, Operational Risk Division, at (202) 649-6550.


Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy

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