Fed SR 11-7 — Supervisory Guidance on Model Risk Management · vSR 11-7 / OCC 2011-12 (Supe…

Fed SR 11-7 — Supervisory Guidance on Model Risk Management

Fed SR 11-7 — Supervisory Guidance on Model Risk Management — 80% covered.

5 requirements · 4 enforced · 0 designed · 0 advisory · 0 deferred.

Source: Federal Reserve SR Letter 11-7, issued jointly with the OCC as Bulletin 2011-12, is the US supervisory guidance on model risk management. Section IV governs model development, implementation, and use; Section V governs model validation (evaluation of conceptual soundness, ongoing monitoring, and outcomes analysis); Section VI governs governance, policies, and controls — including the model inventory, named ownership, change control, and effective challenge. KYE Protocol™ governs whether a model-driven output may PROCEED to a consequential decision — only a currently-validated model used within its approved scope, with the model change a named-authority decision with evidence, and every consequential decision carrying a resolvable provenance pin (model_id + version + validation reference). KYE does not develop or validate models, perform the quantitative work, or judge model quality. · License: SR 11-7 / OCC 2011-12 is a US government work in the public domain; the KYE registry paraphrases each requirement's intent and cites the official section identifier for mapping purposes only.

By category

CategoryReqsEnforcedDesignedAdvisoryDeferredCoverage
Validated-model use authority at the decision boundary 1 1 0 0 0 100%
Model change control as a named-authority decision 1 1 0 0 0 100%
Decision traceability to model version & validation reference 1 1 0 0 0 100%
Model inventory & policy controls on model use 1 1 0 0 0 100%
Quantitative model development, validation & capital mathematics 1 0 0 0 0 0%

Every requirement → the KYE™ artefact that enforces it

IDTitleStatusKYE™ enforcement
fed-sr-11-7.model-use-named-authority A consequential decision relies only on a currently-validated model used within its approved scope, under a recorded named-authority decision enforced audit_events: kye.purpose.request.v1, kye.purpose.admissibility.v1, kye.evidence.decision_map.v1
engines: internal, internal
rule_packs: kye:rule-pack:model-risk-data-governance
dictionaries: internal
constitution_refs: constitution/12-PURPOSE-PERMISSION.md
fed-sr-11-7.model-change-control A model version change / recalibration takes effect only as a named-authority decision with evidence enforced audit_events: kye.purpose.request.v1, kye.purpose.admissibility.v1, kye.evidence.decision_map.v1, kye.evidence.pack.v1
engines: internal, internal
rule_packs: kye:rule-pack:model-risk-data-governance
constitution_refs: constitution/12-PURPOSE-PERMISSION.md, constitution/13-RESILIENCE-LOOP.md
fed-sr-11-7.decision-provenance-traceability Every consequential decision records model_id + version + validation reference — no untraceable model output proceeds enforced audit_events: kye.evidence.tool_call.v1, kye.replay.context_seal.v1, kye.evidence.pack.v1, kye.replay.proof.v1
engines: internal, internal
rule_packs: kye:rule-pack:model-risk-data-governance
constitution_refs: constitution/13-RESILIENCE-LOOP.md, constitution/21-DELEGATED-AUDITABILITY.md
fed-sr-11-7.inventory-policy-controls Policy controls on model use — declared restrictions checked and the basis recorded before a model-driven action proceeds enforced audit_events: kye.purpose.request.v1, kye.purpose.admissibility.v1, kye.evidence.decision_map.v1
engines: internal, internal
rule_packs: kye:rule-pack:model-risk-data-governance
constitution_refs: constitution/12-PURPOSE-PERMISSION.md, constitution/25-EDGE-GOVERNANCE.md
fed-sr-11-7.quantitative-development-validation Quantitative model development, validation mathematics, and capital computation on the merits out-of-scope (no enforcement cited)