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GRA · Financial Stability

Spatial financeWhere capital meets hazard, exposure and transition

Corrections, concerns and escalation

Financial Stability records corrections as new versions with passage, source, reason and date. The errors that matter here are a modelled network presented as observed, a scenario loss read as a forecast and a sector figure read as one firm's position.

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01Contents

Corrections, concerns and escalation in four parts.

In this dossier4 parts
  1. 01RoutesWhere to write
  2. 02Typical errorsAnd their fixes
  3. 03ProcessWhat happens next
  4. 04SourcesWhere this page's references lead
02Routes

Where to write.

ConcernWrite to
An error or a challenge to a findingContact
PrivacyContact
A safeguarding concernContact
03Typical errors

And their fixes.

ErrorFix
Reconstructed network presented as observedRelabel MODELLED and state the method
Scenario loss read as a forecastRestate the scenario's assumptions
Sector aggregate attributed to a firmRemove the attribution

Raise a correction at corrections and concerns.

04Process

How the process runs.

Process explorer · Process

How a correction moves

12 steps5 stages

Process

How a correction moves

Anyone may request a correction without membership; an accepted one becomes a new version, and the earlier version stays on record with the reason.

  1. 01 Reporter

    1. 01Anyone may ask for a correctionActor · AnyoneAnyone may ask for a correction, without membership. No membership or Account is needed to report harm or correct public information.

  2. 02 Route and acknowledge

    1. 02Routed by kind of concernStepA scientific correction or integrity concern goes to the responsible editor or source owner.
    2. 03AcknowledgementRecordAnyone who raises a question, shares local knowledge or reports a concern gets an acknowledgement and an issue disposition.

  3. 03 Review

    1. 04Review by editor or source ownerStep · The responsible editor or source ownerA reviewer with a declared conflict never signs the relevant acceptance.
    2. 05Complaint about a decisionStep · A reviewer not responsible for the decisionA programme or decision complaint is reviewed by someone not responsible for the contested decision.
    3. 06Privacy, security and safeguarding queuesStepPrivacy and rights requests go to the Privacy Officer queue, security reports to the security disclosure queue.

  4. 04 Outcome

    1. 07Accepted correction becomes a new versionRecordAn accepted correction creates a new recorded version.
    2. 08Issue disposition recordedRecordThe reporter gets an issue disposition and, where appropriate, a remedy or referral. The docs name no appeal for a declined correction.

  5. 05 Carried into the record

    1. 09Affected analysis re-run with corrected inputsStep · Foundry pillarThe affected analysis is re-run with the corrected inputs.
    2. 10Change proposal to the standardsRecord · Nexus StandardsMethod and correction findings go to Nexus Standards as change proposals (F06). It records the correction as a change to the evidence.
    3. 11Courses that taught the finding updatedStep · Risk AcademyRisk Academy updates any course that taught the corrected finding.
    4. 12New version with correction and reasonRecord · ReportsReports publishes a new version with the correction and its reason. The earlier version stays on record with the correction history.

Status and service levels · Reports · The programme yearDesigned process, not a record of any case. No cycle has run and every programme is at service level R0, information and enquiries. A gate is a programme decision, never a public-authority approval, certification or deployment authorisation. The competent authority decides.

05What happens next

What happens next.

  1. 01

    Acknowledgement

    You receive a reference and the next step.

  2. 02

    Review

    The concern is reviewed by someone not involved in the original work, where possible.

  3. 03

    Outcome

    A correction is published as a new version with its history; a declined challenge receives reasons.

06Sources

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.

07Questions

Questions and answers.

Can I raise a concern anonymously?
Yes, though we may not be able to follow up without a way to reach you.
Financial Stability

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