GRF · Innovation Nexus
Dialogues and cooperation
Institutional dialogues in innovation Nexus: structured conversations that compare evidence and options among the people who decide.
Dialogues and cooperation in four parts.
Dialogues are listed when confirmed.
Each dialogue appears here once confirmed, with its host, format and terms. To propose one, write to Contact.
How can an institution adopt something new without losing control of it?
Innovation dialogues on this platform sit between a technology and the institution that would use it: a city testing drone inspection of flood defences, a health agency trialling AI triage, a utility piloting a new forecasting service. The governance questions are about trial design, liability, procurement and exit, more than about the technology itself.
| Format | Use |
|---|---|
| Sandbox design dialogue | Regulator, innovator and affected users agree the boundaries, metrics and exit conditions of a trial |
| Procurement clinic | Public buyers work through outcome-based or innovation procurement options |
| Anticipatory governance session | A technology still in the lab is examined for the oversight it will need |
How the process runs.
Process explorer · Process
Dialogues and cooperation: Model risk lifecycle
10 steps·3 stages
Process
Dialogues and cooperation: Model risk lifecycle
US bank supervisors revised model risk guidance on April 17, 2026, with Fed SR 26-2 superseding SR 11-7; it sets no enforceable standards.
01 Inventory and development
- 02Model inventory and materialityDataset · Sandbox regulatorAn effective inventory shows model risk for single models and in aggregate. Model purpose with model exposure sets materiality.
- 04Development and testingStep · Sandbox regulatorDevelopment starts from a clear purpose aligned with business use and policy. Testing checks whether the model performs as intended.
- 05DocumentationRecord · Sandbox regulatorAdequate documentation supports continuity of operations, the tracking of recommendations, responses and exceptions, and remediation.
02 Validation and challenge
- 03Effective challengeComponent · Sandbox regulatorObjective experts critically evaluate model risk and drive change across the lifecycle. They need expertise, independence and standing.
- 06Conceptual soundnessStep · Sandbox regulatorValidation of conceptual soundness assesses and documents model design, construction and developmental testing.
- 07Outcomes analysisStep · Sandbox regulatorOutcomes analysis compares model outputs with real-world outcomes. It can include back-testing or outlier analysis.
03 Governance, use and monitoring
- 01Policies, roles and responsibilitiesComponent · Sandbox regulatorPolicies set expectations and a framework for assessing model risk. Roles are clear, with attention to conflicts of interest.
- 08Decision to use, with limits where neededDecision · Sandbox regulatorValidation generally comes before first use. Urgent earlier use calls for attention to limits, informed stakeholders and controls.
- 09Ongoing monitoringModel · Sandbox regulatorMonitoring checks whether the model performs as expected as products, exposures, clients, data or markets change.
- 10Adjust, recalibrate or redevelopStep · Sandbox regulatorWhen performance deviates meaningfully from expectations, the organisation considers adjustment, recalibration or redevelopment.
Outline of an external standard or method, from its public sources. It describes what the framework says, not a record of any run. It does not show that Nexus or any partner performs, certifies or approves a step. A gate is a step of the method, never a Nexus approval. The guidance is expected to be most relevant to banking organisations with over $30 billion in total assets.
Testing claims before trial.
Technical claims are checked with GCRI Labs before a dialogue relies on them. The experimental governance topic covers the regulatory side.
Where this page's references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Questions and answers.
Are dialogues public?
Bring a governance question to the Forum.
Information and enquiries are open today. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.
Legal documents.
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