Research Objectives
The Risk Management Association has surveyed financial service institutions to determine the range of practices and standards currently used for country risk management. In addition to providing benchmark data on current practice, the survey illuminates industry and regulatory trends the respondents think are likely to shape country risk management over the next few years.
The survey also includes sections for comments to describe what, if any, impact the recent credit crisis and market disruptions have had on the respondents' approach to country risk management in general and what the future holds for the country risk function.
Specific Objectives
Types of information included in the report:
- Country risk organizational structure and governance.
- Country risk monitoring tools and reporting.
- Country/sovereign risk ratings.
- Country risk appetite and limits.
- Country exposure measurement.
- Sovereign LGD.
- Additional questions.
- Country risk rating exercise.
Deliverables
The final report was issued in April 2014, to survey participants only. This comprehensive report contains detailed findings in its 182 pages for financial institutions based in the Americas, Australia, Asia, Europe, the Middle East, and Africa. It visibly describes the most prevalent methods, tools, and decision processes used to determine leading practices. You may view a synopsis of the Country Risk Management Executive Summary (PDF) by clicking on the aforementioned link. To purchase the complete survey, please contact Rosemarie Casler, 215-446-4081 or rcasler@rmahq.org. The cost of the report is $995 for an RMA member and $1,500 for a non-member.
Institutions interested in participating in future market risk studies should contact Paul Guinan, Manager, Market Risk and Securities Lending at 215-446-4003 or at pguinan@rmahq.org or Fran Garritt, Director, Market Risk and Securities Lending at 215-446-4122 or at fgarritt@rmahq.org.
Participating Institutions
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ANZ Investment Bank
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CBIC
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Northern Trust
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ATB Financial
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Citi
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PNC Bank
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Banco Santander
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Commerzbank AG
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Rabobank
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Bank Julius Bär & Co. Ltd.
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Commonwealth Bank
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RBS
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Bank of America
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CTBC Bank
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Royal Bank of Canada
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Bank of Ireland
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Deutsche Bank
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Skandinaviska Enskilda Banken AB
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Bank of Montreal
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First Tennessee Bank N.A.
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Standard Bank
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Barclays
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Goldman Sachs
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Standard Chartered
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BayernLB
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HSBC
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State Street
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BB&T Corp.
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ING Bank N.V.
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The Bank of Nova Scotia
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BBVA
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JPM Country Risk
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U.S. Bank N.A.
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BBVA Compass
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Macquarie Group
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UBS
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Bendigo and Adelaide Bank
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Morgan Stanley
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Unicredit
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BNPP
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National Australia Bank
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Union Bank, N.A.
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BNY Mellon
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Natixis
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UOB
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Byblos Bank Group
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Norddeutsche Landesbank
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Wells Fargo Bank
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