Country risk refers to the economic, social, and political conditions and events in a foreign country that may adversely affect a financial institution’s operations. Banks must institute adequate systems and controls to manage the inherent risks in their international activities.
Country Risk Management (Comptroller’s Handbook, February 2016)
Accounting for Loan Swaps (BC 200, May 1985)
Country Risk (OCC 2002-10, March 2002), Interagency Guidance (February 2002)