Jurisdictional risk poses a multi-dimensional threat to your institution. Every single country and territory in the world features a unique "blended" risk configuration, with risk factors ranging from Credit and Operational Risk to Geo-political and Reputational Risk tending to overlap.
Given the inter-related nature of these factors, institutions can ill afford to disregard any kind of risk prematurely.
Although it is not the intention to serve as a singularly focused risk reporting tool, the Country-Check system's Risk Dimensions nonetheless reflect considerations such as Liquidity and Market-related Risk, Financial Risk, etc., within a holistic jurisdictional context.
Seeing the bigger risk picture
Risk is too subjective a concept to be universally defined.
It varies from country to country, and from one industry to
the next. Risk types also tend to overlap – they’re
interrelated and mutually non-exclusive.
Why use a holistic risk perspective?
Country-Check’s decision to provide a holistic perspective
of risk by means of aggregated dimensions was informed by
several considerations:
Being aware of your organisation’s total risk exposures
will enable you to make more effective decisions when creating
risk-related policies.
Discounting ancillary risks that arise from secondary exposure
when conducting risk assessments leaves dangerous loopholes.
In order to assess jurisdictional risk, the full range of
risk factors needs to be considered, as certain types of
risk may constitute a far graver threat in one country than
in the next.
A holistic risk perspective highlights these types of risk
within the context of the jurisdiction under review.
WARNING:
Don’t be lulled into a false
sense of security – ancillary risks can be extremely
harmful to your institution’s reputation!
Country-Check’s Political, Financial and Security
Dimensions enable you to manage risk holistically, whilst
also highlighting the not-so-obvious risk areas posing a
threat to your institution’s integrity.
Country-Check Risk Dimensions
Criminal
Absence Of Violence
AML Controls
Arms Export Controls
Corruption
Counterfeiting
Crime Rate
Embezzlements
Fraud
Human Trafficking
Illicit Drugs & Narcotics
Terrorism
Economic
Average Earnings
Business Operational Risk
Competitiveness
Country/ Public Debt
Debt
Developing Country
Donor Aid Recipient
Economic Freedom
GDP
Known Tax Haven
Military Expenditure
Natural Resources
Offshore Financial Center
Poverty
Sanctions
Trade Climate (IP)
Political
Armed Conflict
Civil Liberties & Political Rights
Failed States Index
Freedom Of Religion
Freedom Of The Press
Government Effectiveness
Human Rights
Military Influence
Political Stability
Political Terror Scale
Public Services & Education
Regulatory Quality
Research & Development
Rule Of Law
Type Of Governance
Voice & Accountability
Tailor the system to your risk
considerations
In creating the Default Weight Set,
Country-Check rigorously researched and tested each parameter
used in ranking countries for risk to create a balanced
perspective on ‘overall’ country risk. The System
Weightings can, however, be adjusted to include or exclude
specific factors or dimensions, depending on your industry’s
unique risk sensitivities or the type of risk being assessed.
World-Check’s risk expertise was
leveraged in configuring the system’s default Weight Set*
Trusted by 47 of the world’s 50 leading financial
institutions, World-Check’s risk intelligence
is celebrated as the global benchmark, and has added substantial value to the final product.
*Recommended for new users.
Getting started
View the Flash-based Usage
Tutorial for step-by-step instructions on how to use Country-Check,
or learn more about the underlying System
Methodology.
Recommended for new users:
View the Quick Start menu options and then proceed to compile
a risk ranking report using the Recommended Default Weight Set.
What is jurisdictional risk, and how does this system approach
country-specific risk assessment?
