R0043/2026-04-01/Q002/SRC03

Research	R0043 — Sycophancy Vocabulary
Run	2026-04-01
Query	Q002
Search	S01
Result	S01-R03
Source	SRC03

Federal Reserve SR 11-7 — Model risk management with effective challenge requirement

Source

Field	Value
Title	Supervisory Letter SR 11-7: Guidance on Model Risk Management
Publisher	Federal Reserve Board / OCC
Author(s)	Board of Governors of the Federal Reserve System
Date	April 4, 2011 (confirmed applicable to AI/ML)
URL	https://www.federalreserve.gov/supervisionreg/srletters/sr1107.htm
Type	Regulatory guidance

Summary

Dimension	Rating
Reliability	High
Relevance	Medium-High
Bias: Missing data	Low risk
Bias: Measurement	N/A
Bias: Selective reporting	Low risk
Bias: Randomization	N/A -- not an RCT
Bias: Protocol deviation	N/A -- not an RCT
Bias: COI/Funding	Low risk

Rationale

Dimension	Rationale
Reliability	Primary regulatory guidance with force of law for US banks
Relevance	"Effective challenge" requirement addresses the governance mechanism for preventing acceptance of wrong model outputs
Bias flags	Government regulation; no commercial interest

Evidence Extracts

Evidence ID	Summary
SRC03-E01	SR 11-7 effective challenge and independent validation requirements applicable to AI models