Figure 2.

This figure shows the suggested framework for the supervisory review of models. The first area, on the far left, is Regulatory Evaluation of Model Oversight; this area has two subareas: Policies and Inventories. The second area, in the middle, is Regulatory Examination of Model Controls; this area has three subareas: Model Documentation, Data Integrity, and Security and Change Control. The third area, on the far right, is Regulatory Review of Model Validation; this area has three subareas: Developmental Evidence, Process Verification, and Outcome Analysis.