Watch List - Open Risk Manual (2024)

FAQs

What is a watch list in risk management? ›

In brief: Watchlist screening involves checking if businesses (including associated people or countries) are listed by governments or regulatory agencies as high-risk, including having conditions or prohibitions on dealing with them.

A watchlist is a catch-all term for a variety of different lists a financial institution may use in the screening process. These include official sanctions lists issued by governments, law enforcement agencies, regulators, and central banks that feature names of sanctioned individuals and organizations.

These are loans and advances which show some weaknesses in the borrower's financial condition and credit-worthiness, requiring more than normal attention but not allocation of provisions.

The Open Risk Taxonomy is an open source risk classification framework developed by Open Risk. The primary objectives of this taxonomy are: to provide means to organize the material incorporated in the Open Risk Manual.

A watchlist is a list of things that are being checked regularly, for example because they could cause problems or be in danger. The cuckoo is on a watchlist of species with declining numbers in the UK. The exchange put the company on a 'supervision' watchlist, intended as a warning to investors.

A watchlist is a key part of a trader's toolkit, enabling you to group markets of your choice together in a single easy-to-find place and streamlining your trading. So whether you're trading at your desk or on the move, there's no need to search for markets manually when time's not on your side.

Anti-money Laundering Watchlist Screening is an important part of KYC and AML compliance programs. This process checks people and organizations against global watchlists. Governments and international groups make these lists. The goal is to find and stop possible financial crimes, like money laundering and fraud.

How do watchlists work? Watchlists have two main use cases. The most common is to prevent known fraudsters from accessing services or onboarding to an organization by requiring that every user first present their unique facial biometric.

What Is a Watchlist? A watchlist is a set of securities that an investor monitors for potential trading or investing opportunities. Many brokerage and financial platforms allow for easy construction and viewing of watchlists.

AML watchlist screening focuses on identifying individuals or entities involved in money laundering activities. It helps financial institutions comply with regulations and prevents illicit funds from entering the financial system.

What is a loan watchlist? ›

Watchlist Loan . Any Loan (that is not a Charged-Off Loan or Delinquent Loan) as to which the Servicer has discovered circ*mstances which lead the Servicer to reasonably expect loss or non-payment by the Obligor thereof.

When a law enforcement or intelligence agency identifies an individual as a potential terrorist threat to the United States and wants that individual watchlisted, the source agency nominates that person for inclusion in the consolidated watchlist maintained by the TSC.

Opened risks are currently active risks, which can occur. Closed risks are those risks, which cannot occur anymore because certain measures are taken. Closed risk also may contain important information, because they can be reopened again or information regarding these risks may useful for management or other risks.

The OCC has defined nine categories of risk for bank supervision purposes. These risks are: Credit, Interest Rate, Liquidity, Price, Foreign Exchange, Transaction, Compliance, Strategic and Reputation. These categories are not mutually exclusive; any product or service may expose the bank to multiple risks.

noun. : a list of people or things that are being closely watched because they are likely to do or experience bad things in the future.

Watch lists are a collection of alerts that match criteria that you or an administrator sets up. A watch list enables quick and easy visibility for a collection of alerts that you want to monitor. Move selected alerts to temporary watch lists based on one or more alert fields.

noun. a list of persons or things to watch for possible action in the future: a watch list of possible growth stocks.

A watch list is a list of securities that, unlike restricted list securities, generally do not carry trading restrictions, but whose trading is subject to close scrutirly by the firm's compliance department. The watch list also differs from the restricted list in that its dissemination generally is limited.