The OCC Will Test AI in Credit Exams Without an AI Standard
FTI Consulting caught the detail that matters in OCC Bulletin 2026-29. Credit examiners will now test models and third-party tools inside asset quality reviews, yet the model risk guidance they point to explicitly excludes generative and agentic AI. So the examiner shows up without a standard and the bank has to bring one. That's a gift if you're ready. On the AI approval committee I served on, the hardest part was never picking a framework. It was proving each use case actually met it, with evidence someone outside the room could follow. NIST's AI RMF gives you the vocabulary. Can your credit team show the receipts?
Source: AI Risk Considerations Move into OCC Credit Examinations - FTI Consulting (FTI Consulting)