Non-execution boundary
The Global Risks Alliance (GRA) prepares evidence. It never acts on it. Every regulated financial activity has an authorized actor who is accountable for it, and GRA's research and readiness work is designed to stay on the evidence side of each line. GRA does not lend, underwrite, rate, invest, advise on or arrange transactions, introduce counterparties, take transaction-based pay, or hold or move money. Readiness is not approval. This page belongs to trust and integrity.
- 01In briefThe short answer
- 02The boundaryWhere GRA's work stops, and whose begins
- 03TestsQuestions every GRA output is checked against
- 04What GRA is notNo regulated status of any kind
- 05Release of a dossierReleased only at the programme owner's written direction
- 06ConnectionsWhere the boundary is applied
- 07Key termsTerms used on this page
GRA · Institution · service level R0
The short answer.
The non-execution boundary is GRA's rule that it prepares evidence and never acts on it: it does not lend, underwrite, rate, invest, advise on or arrange transactions, introduce counterparties, take transaction-based pay, or hold or move money. Readiness files are released only at the programme owner's written direction.
Report to outcome.
Fig.How a reported error is reviewed and corrected. Design, not a record.
Jurisdictions in North America.
The jurisdictions that hold authority over this question: countries, their first-level divisions and capitals, shown for North America as an example geography for this subject.
Where GRA's work stops, and whose begins.
| Activity | What GRA does | What GRA never does | Who decides |
|---|---|---|---|
| Lending | Frames credit-transmission questions and scenario evidence | Lend, arrange, negotiate or commit credit | Banks and development lenders |
| Insurance | Identifies exposure and protection gaps, and the data an insurer would need | Underwrite, sell, solicit, negotiate, place or broker cover | Licensed insurers, reinsurers and brokers |
| Investment | Prepares long-horizon resilience evidence and open diligence questions | Invest, manage assets, advise on securities or their issue, or offer, solicit or recommend any security or financial product | Asset owners, managers and their advisers |
| Rating | Labels every piece of evidence and its limits | Issue ratings, scores, bankability grades or certificates | Registered rating agencies and assessors |
| Approval and execution | Releases a readiness dossier, at the programme owner's written direction, to a party that owner chooses | Approve, execute, introduce parties to a transaction, take transaction-based pay, hold funds or move money | The receiving institution, under its own authority |
| Supervision | Offers scenario evidence that supervisors may choose to use | Supervise, regulate, or seek privileged access to an authority | Central banks, supervisors and regulators |
Questions every GRA output is checked against.
- Does it recommend a specific security, loan, policy, provider or transaction? If yes, it is not published.
- Could an index or score be used to determine a payment or price? If yes, it is labelled a design value and withheld from that use.
- Does it state an opinion on a named entity's creditworthiness? If yes, it is not published.
- Does it imply that finance or cover is available? If yes, it is rewritten.
- Related: regulatory boundaries and public claims.
No regulated status of any kind.
- Not a fund, an investment adviser or a broker-dealer
- Not an insurer, reinsurer or insurance intermediary
- Not a rating agency, or a body that certifies people, products or projects
- Not a transaction platform, exchange or payment service
- Not an agent, finder or introducer for any party
Released only at the programme owner's written direction.
- 01
Written direction
A readiness dossier is released only when the programme owner directs it in writing, naming the receiving party that the owner has chosen.
- 02
No selection by GRA
GRA does not choose, recommend or introduce the receiving party, and takes no fee tied to any outcome.
- 03
Release record
A record states what was released, to whom and on what terms.
- 04
Independent review
The receiving institution reviews the dossier independently and decides under its own authority.
A dossier is evidence for a subsequent, independent financial review. It is never a financing or underwriting decision. The designed process is described on lawful handoffs.
Where the boundary is applied.
The boundary is set out beside every service on finance and insurance readiness and summarised on regulated-activity boundaries. Related: membership and authority and conflicts, sponsors and neutrality. If you believe GRA's work has crossed this line, write to compliance@globalriskalliance.com. Across the Consortium, The Global Risks Forum (GRF) sets out decision rights on decision rights and responsibilities.
Terms used on this page.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Regulated activity | An activity, such as lending, insurance underwriting, investment advice or arranging deals, that the law allows only to authorized firms under supervision. |
| Investment advice | A personal recommendation on investments, a regulated activity in most jurisdictions. |
| Lawful handover | Transfer of assets, records and responsibilities to a receiving institution with signed acceptance. |
Where this page's references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Questions and answers.
Can GRA introduce my project to a lender or insurer?
Can GRA be paid a success fee?
Is a GRA readiness finding a rating?
Does GRA give investment advice?
Around GRA.
Start with an enquiry.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.