RESPOND / AGENT INBOX / MERIDIAN / MRM-2026-0417-0014
DECISION REQUIREDMRM-2026-0417-0014

SR 11-7 revalidation complete on CreditRisk-v3

raised 4/19/2026, 1:30:59 PM · SLA due 4/19/2026, 5:38:59 PM
Model
CreditRisk-v3
Exposure
$42.8B
Last approved
2026-01-17 · S. Nakamura, CRO
Meridian's recommendation
CONDITIONAL APPROVAL
Conditions for sign-off:
  • Apply +80bps PD overlay on CRE exposures effective next batch
  • Deliver recalibrated v3.1 with Q4 2025–Q1 2026 data by 2026-06-15
  • Restore monthly challenger cadence immediately
cite · SR 11-7 §VII
Findings (3)
F-001MATERIALKS statistic decay on subprime-auto segment
KS dropped 0.42 → 0.28 (production Q1 2026). Breaches MRM threshold 0.35. Recommend recalibrate with Q4 2025–Q1 2026 data.
cite · SR 11-7 §V.B
F-002MATERIALPD calibration error on commercial-real-estate
Observed default rate 2.8% vs predicted 1.6%. Binomial test p<0.01. Recommend +80bps overlay pending recalibration.
cite · SR 11-7 §V.B.2
F-003NON-MATERIALChampion-challenger monitoring cadence
Challenger re-evaluation fell from monthly to quarterly in Q1 2026. Policy deviation without material impact.
cite · SR 11-7 §V.A
Decision · MERIDIAN
Conditions · uncheck any you are NOT enforcing
  • Apply +80bps PD overlay on CRE exposures effective next batch
  • Deliver recalibrated v3.1 with Q4 2025–Q1 2026 data by 2026-06-15
  • Restore monthly challenger cadence immediately
Rationale · required (min 40 chars)
0 / 40
Cancelpolicy ref · SR_11-7_Core_v1.4
Action Stack
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