The article reports regulatory developments in the global banking industry as of mid-September 2016. Also cited are the SR 11-7 supervisory guidance on model risk management issued by the U.S. Federal Reserve Board (FRB) and the U.S. Office of the Comptroller of the Currency (OCC), the impending Basel IV directive from the Basel Committee on Banking Supervision (BCBS), and the comment by law firm Debevoise & Plimpton partner Gregory Lyons on the developments.
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