https://www.taxtmi.com/news?id=73521 Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments. The guidance applies to a wide range of regulated entities and covers all models used by them, including third-party models and models employing artificial intelligence or machine learning. It sets out broad regulatory expectations across the model lifecycle to strengthen governance, oversight, risk management and controls against financial, operational, compliance and reputational risks. en-us Thu, 25 Jun 2026 09:55:49 +0530 Thu, 25 Jun 2026 09:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73521 Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments. The guidance applies to a wide range of regulated entities and covers all models used by them, including third-party models and models employing artificial intelligence or machine learning. It sets out broad regulatory expectations across the model lifecycle to strengthen governance, oversight, risk management and controls against financial, operational, compliance and reputational risks. News - Thu, 25 Jun 2026 09:55:49 +0530 https://www.taxtmi.com/news?id=73521