GRA is not
- A fund, an investment adviser or a broker-dealer
- An insurer, reinsurer or insurance intermediary
- A rating agency, or a body that certifies people, products or projects
- A transaction platform, exchange or payment service
Trust· Integrity
Evidence apart from authority
Know where the evidence stops before you rely on it.
A financial reader needs to know exactly what an industry body is, and is not, before relying on its work. Here are the commitments of The Global Risks Alliance (GRA): the boundary it never crosses, how cooperation between competitors stays lawful, how conflicts and sponsors are managed, the standard its evidence meets and how anyone can challenge it.
Integrity registerStated in advance
- BoundaryNo lending, underwriting, rating, investment, approval or execution
- CompetitionPrecompetitive work only, under a written competition policy that counsel reviews before membership opens
- EvidenceOne label per claim, limits beside findings, missing data shown as missing
- ChallengeOpen to anyone, without membership or payment
- ConcernsA route for every kind
Readiness is not approval
01The non-execution boundary
GRA prepares evidence. It never acts on it.
GRA’s research and readiness work stays separate from every regulated financial act. A competent party that receives it reviews it and decides on its own authority.
GRA never
- Lends, underwrites, rates, invests or approves
- Advises anyone on buying, selling or issuing a security or financial product
- Solicits, introduces or recommends investors, lenders or insurers, or negotiates, arranges, places or executes a transaction
- Takes pay tied to any transaction, or holds or moves money for anyone
- Promises funding, cover or capital as a result of its work
02Membership and authority
Four states that are never the same.
Participation, endorsement, admission and legal power are distinct. GRA’s principles keep them apart wherever its name appears.
- 01
Participation is not authority
A member, council participant or contributor cannot speak for GRA, a consortium or a public authority.
- 02
Readiness is not approval
A dossier states fitness for a next step. It is never a rating, a certificate or a decision.
- 03
Visibility is not endorsement
A name or logo on a GRA page, or GRA’s name on another page, endorses nothing.
- 04
Stewardship is not execution
GRA stewards evidence and cooperation; execution stays with the competent actor.
03Antitrust and competition
Cooperation on evidence, never on markets.
GRA brings competitors together, so every meeting, working group and exchange of information runs under safeguards, set out in a written competition policy that counsel reviews before membership opens.
Never discussed
Prices, premiums, rates, fees, wages, bids, underwriting, lending or coverage terms, capacity, and individual customers or suppliers.
Never agreed
Market, customer or territory allocation, collective refusals to deal, collective commitments on which sectors, firms or projects to finance, insure or invest in, or exclusionary standards.
Never exchanged
A member’s confidential or competitively sensitive information. Research data is aggregated so that no firm can be identified.
The design calls for a written agenda and minutes for every meeting, and for the chair to stop any discussion that strays. Report a competition-law or conduct concern in confidence to the integrity and conduct concern form. How the safeguards apply to members is set out on Membership.
04Conflicts, sponsors and neutrality
No one can buy a finding.
Five commitments, set out in written policies before the work they govern opens.
| Safeguard | What it means |
|---|---|
| Sponsors cannot approve publication | No sponsor or member may approve, delay or suppress a publication, or change its evidence |
| Funding grants no ownership | Paying for work does not transfer ownership of its findings or data |
| Conflicts declared | Contributors and reviewers declare interests; a declared conflict leads to recusal where it bears on a decision |
| Funding disclosed | The source of funding for a piece of work is published with it |
| Rights retained | Participants keep their background rights; membership transfers none |
05Evidence and data standards
Every claim carries its kind and its limits.
A modelled figure must never be read as an observed one. Four standards make sure it is not.
Labels
Each finding is labelled observed, published statistics, institution-reported, estimated, modelled, forecast, scenario, expert judgement or unknown. A scenario is never presented as a forecast of loss.
Sources and licences
Data is used under its licence and source permission. Permission to publish a finding does not grant the right to redistribute raw data.
Privacy
This site has its own privacy notice and controller. An enquiry is used to answer it and to keep a record of it, and personal and confidential data is handled within the rights granted. Requests about personal data go to the privacy request form.
No invented values
Missing data is shown as missing, never as zero. Illustrations on these pages carry example values and say so.
06Claims and programme status
What operates now, and what does not yet.
GRA describes in the present tense only what operates now. Information and enquiries are open today.
- An enquiry receives a reference. Applications, contributions and engagements open only when their team, terms and review capacity exist.
- No membership count, partner, fee or performance figure is published without a dated, sourced record.
- Earlier statements on GRA pages, including figures, capability descriptions and status claims, are withdrawn from use until each has such a record.
- A reported capability is labelled as reported until it is independently verified.
07Corrections and complaints
A route for every kind of concern.
Each route has its own address, and none needs membership or payment. Every concern then runs the same four steps.
| Route | How it is handled | Write to |
|---|---|---|
| Correction or integrity concern | Open to anyone, without membership; reviewed by the responsible editor or source owner. A correction becomes a recorded version, never a silent edit. | the integrity concern form |
| Privacy and rights request | Handled by the privacy queue under this site’s privacy notice | the privacy request form |
| Security report | Describe the issue and where you found it, without sending exploit details or personal data in a first message | the security report form |
| Competition-law or conduct concern | Raised in confidence and reviewed outside the meeting or activity concerned | the integrity and conduct concern form |
| Complaint about a decision | Reviewed by someone not responsible for the contested decision, with reasons given | the integrity concern form |
- 01
Received
An acknowledgement with a reference and the next step.
- Held by
- The receiving route
- Record
- Reference and date
- 02
Reviewed independently
Outside the meeting, work or decision in question.
- Held by
- The responsible editor, reviewer or compliance
- Record
- Declared conflicts
- 03
Reasoned answer
Upheld, partly upheld or not upheld, with the reasons in writing.
- Held by
- The reviewer
- Record
- Disposition and reasons
- 04
Corrected in the open
An upheld correction becomes a new version with its history.
- Held by
- GRA as publisher
- Record
- Version, never a silent edit
GRA is not an emergency service. In immediate danger, contact your local emergency services.
08Accessibility
Readable by everyone who needs it.
Designed to meet WCAG 2.2 level AA; we test pages and fix barriers we find; report a barrier to the privacy or contact address, the privacy request form or the contact form, naming the page concerned or the format you need.
The maps on this site have expert tools that run in your browser; files you add to them are never uploaded. How the map tools work.
09Questions
Questions about trust and integrity at GRA.
Can I rely on a GRA dossier to make a financial decision?
A dossier is evidence for your own independent review, with its labels and limits stated. The decision, and the diligence behind it, remain yours.
Why do some older GRA statements no longer appear?
GRA publishes figures, partners, statuses and capabilities only with a dated, sourced record. Earlier statements without such a record are withdrawn from use until one exists.
Do I need to be a member to correct something?
No. Anyone can challenge a public GRA statement at the integrity concern form, without membership or payment. Corrections are reviewed by the responsible editor or source owner and published as recorded versions.
What should I do if a GRA meeting strays into prices or customers?
Object at once and ask the chair to stop the discussion, as GRA’s safeguards are designed to require. Then report it in confidence to the integrity and conduct concern form.
Does a sponsor see findings before publication?
Under GRA’s design, a sponsor may be told when a publication is due, but cannot approve, delay, suppress or edit it. Factual corrections from any party follow the ordinary correction route.
ReportsContribute
Contribute evidence from this page.
Reports is the Consortium’s quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Global Risks Alliance
- EmailGateway GW-GRASend it from this pageEvidence, a correction, a case, a method, a review, a translation or profile input. It arrives tagged with this page, so the editor who owns it receives it.
- ZenodoOpen depositDeposit it and submit to the communityPublish your own record on Zenodo with your ORCID iD, then submit it to the Reports community there. Curators review it; the DOI stays yours.
- ReportsGlobal Risks AllianceSee every way to contributeThe contribution types, how each is reviewed, what credit you receive, the licence and what is never accepted.
Never send personal data, sensitive infrastructure detail or anything you have no right to share. A contribution is reviewed before use; sending it confers no authorship or editorial rights, and sponsorship never buys a finding.
Related
Where these commitments apply.
Integrity
Challenge anything GRA publishes.
Corrections and concerns are open to anyone. The acknowledgement gives a reference and names the next step, and review is designed to sit with someone not responsible for the work in question.
Related