There is no ideal model, and good practice is to choose a model that best suits the intended purposes and the roles it is meant to play.1 The macroeconomic model discussed in this document, the Macro …

It is an enabling document that defines the board’s powers and duties. It is designed to assist legislative counsels, legislators, and NCEES members in preparing new or amendatory legislation. Each line in …

The Three Lines Model - The model previously known as the Three Lines of Defense. Internal control - Processes designed to provide reasonable confidence over the achievement of objectives.

provides information needed to plan and coordinate examinations on model risk management, identify deficient practices, and conduct appropriate follow-up. Throughout this booklet, information from the …

WHAT IS A HIDDEN MARKOV MODEL (HMM)? A Hidden Markov Model, is a stochastic model where the states of the model are hidden. Each state can emit an output which is observed. Imagine: You …

Ambulatory Specialty Model (ASM) Participant Readiness Roadmap The Participant Readiness Roadmap provides key actions and relevant links to help ASM participants prepare for model launch.

This document summarizes the Operational Risk Model that the Board of Governors of the Federal Reserve System (Board) intends to use in the 2026 Supervisory Stress Test. The follo