2016 Taxonomy Survey

The survey was conducted by The Risk Management Association between December 2015 and January 2016. The vast majority of the questions were multiple choice. A total of 22 responses were received covering a wide range of asset sizes and types of financial institutions.

The RMA survey was designed to address RMA members’ interest in ascertaining the range of practice regarding member institutions’ with respect to taxonomy. This brief survey will help participants see the extent to which RMA member institutions separate or combine various risks in their respective institutions.

Institutions that participated in the survey:

 Bank of America  BB&T
 BBVA Compass  BNY Mellon
 Capital One  CIT Bank N.A.
 Deutsche Bank  Discover Financial Services
First Horizon National Corporation Frost Bank
Hudson City Savings Bank JPMorgan Chase
OneWest Bank PNC
SunTrust TCF Bank
TD Bank Texas Capital Bank
US Bank Wells Fargo
Whitney Bank Zions Bancorporation

Please see the PDF for detailed responses and examples of the range of practices these institutions employ for taxonomy. Please click this link for the full report (PDF).