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ARCHIVE | Criteria | Financial Institutions | General: Assessing Enterprise Risk Management Practices Of Financial Institutions Sep 06
Standard & Poors, Sep 2006
Abstract
In its quest to provide leadership in clarity and transparency to its investors and issuers through added discipline and analytical rigor of its risk assessment processes, Standard & Poor's Ratings Services has designed a framework and developed criteria to assess the enterprise risk management (ERM) practices of financial institutions. This criteria builds on Standard & Poor's Policies, Infrastructure, and Methodology (PIM) framework that was constructed to assess the ERM practices of the trading operations of large financial institutions. The structure and components of the framework that has been developed to assess the ERM practices of financial institutions represents what we believe to be 'sound practices,' not necessarily widely applied in the industry. As we continually strive for the highest levels...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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