Which function maintains a central registry of model usage, approvals, and limitations?

Which function maintains a central registry of model usage, approvals, and limitations?

• A. Compliance Monitoring
• B. Model Inventory
• C. Access Control
• D. Governance Registry

Answer: (A)

A governance registry serves as the centralized home for all governance-related details about models. It records who approved a model, what its intended uses are, and any constraints or limitations that apply, along with version history and lifecycle status. This central repository provides visibility and traceability across the model lifecycle, which is essential for audits, policy enforcement, and risk management. Compliance monitoring, by contrast, focuses on checking ongoing adherence to policies and controls; it uses information from the registry but is not itself the place where approvals and usage constraints are stored. A model inventory catalogs metadata about models, but the specific emphasis on approvals and limitations tied to governance makes the registry for governance the best fit.

A governance registry serves as the centralized home for all governance-related details about models. It records who approved a model, what its intended uses are, and any constraints or limitations that apply, along with version history and lifecycle status. This central repository provides visibility and traceability across the model lifecycle, which is essential for audits, policy enforcement, and risk management. Compliance monitoring, by contrast, focuses on checking ongoing adherence to policies and controls; it uses information from the registry but is not itself the place where approvals and usage constraints are stored. A model inventory catalogs metadata about models, but the specific emphasis on approvals and limitations tied to governance makes the registry for governance the best fit.