Naresh Raheja

“A system is never the sum of its parts; it's the product of their interaction.” - Russell Ackoff, pioneering systems thinker and former Wharton professor Russell Ackoff made this observation decades before the rise of agentic AI. Yet it is becoming increasingly relevant as banks move from deploying individual AI agents to building multi-agent architectures. A Systems Thinking Lens for Multi-Agent AI One of the less discussed elements of the revised U.S. interagency model risk management...

Note- This article is the expansion of the original article authored by Naresh Raheja, "New MRM Supervisory Guidance SR 26-2: 10 Subtle Shifts You Need to Know" On April 17, 2026, U.S. banking regulators- including the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency- jointly issued SR 26-2, also published under OCC Bulletin 2026-13. This revised supervisory guidance formally supersedes and replaces SR 11-7, the foundational...