sr 26-2 model risk

1 article

Model Risk for LLM Systems: SR 26-2, SR 11-7, OSFI E-23

SR 26-2 replaced SR 11-7 in April 2026 and excludes generative AI; OSFI E-23 covers AI/ML from May 2027. What that means for LLM and RAG systems in banks.

October 28, 2026• 12 min read
sr 11-7model risk management llmosfi e-23