FEI

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Publications

Available via subscription
  • Financial Ethics Index (FEI) 2012 and Quality of Workforce Index (QWI) 2012 are now available.
  • Business Risk Reports (BRS) 2013-I is published on April 8, 2013. 
  • FORELEND 2013-I is now available for purchase.

 

 

Financial Ethics Index (FEI)

QLM-FE covers 115 countries and measures factors that have a direct influence on meeting international obligations but cannot be assessed through regularly published statistics. The structure of QLM-FE and the criteria are identified below:

The Expert Opinion

Please refer to the Explanation of the Criteria page for a more complete description of the methodology. BERI S.A.’s exclusive panels of professionals with financial responsibilities and many years of experience in a region of the world submit their assessments for QLM-FE each year. Senior staff members of the firm also enter their viewpoint.

This combination of judgment and perspective by a statistically relevant number of experts greatly increases the accuracy of the average rating. (The highest and lowest ratings are automatically discarded to moderate opinion.)

Considerable research has been undertaken in 2003 to support the contributing panel members and senior staff making the subjective assessments. A version of the Delphi technique is used to obtain convergence within panel and staff ratings for the 115 countries.

The Original QLM-FE Study

In December 2000 QLM-FE was ordered by the Research Department of the International Bank for Reconstruction and Development (World Bank). The ratings were being used for internal projects. It was agreed that this multi-client report would provide criteria ratings for each of the 115 countries for the years 1985, 1990, 1995, and 1997-2010.

Country List for QLM-Fe:


Algeria Estonia Latvia Singapore
Angola
 Finland
 Lebanon
 Slovak Republic
Argentina
 France
 Libya
 Slovenia
Armenia
 Gabon
 Lithuania
 Spain
Australia
 Georgia
 Malawi
 Sri Lanka
Austria
 Germany Malaysia
 Sweden
Azerbaijan
 Ghana Mauritius
 Switzerland
Bahrain
 Greece Mexico
 Syria
Bangladesh
 Guatemala
 Moldova
 Taiwan (R.O.C.)
Belgium Honduras
 Morocco
 Tanzania
Bolivia
 Hong Kong
 Mozambique
 Thailand
Brazil
 Hungary
 Nepal
 Trinidad & Tobago
Bulgaria
 Iceland
 Netherlands
 Tunisia
Cambodia
 India
 New Zealand
 Turkey
Canada
 Indonesia
 Nigeria
 Turkmenistan
Chile
 Iran
 Norway
 Uganda
China (P.R.C.)
 Iraq
 Oman
 Ukraine
Colombia Ireland
 Pakistan
 United Arab Emirates
Congo, Democratic Republic of
 Israel
 Panama
 United Kingdom
Congo, Republic of
 Italy
 Papau New Guinea
 United States
Costa Rica
 Jamaica
 Paraguay
 Uruguay
Croatia
 Japan
 Peru
 Uzbekistan
Cuba
 Jordan
 Philippines
 Venezuela
Cyprus
 Kazakstan
 Poland
 Vietnam
Czech Republic
 Kenya
 Portugal
 Yemen
Denmark Korea (R.O.K.)
 Romania
 Zambia
Dominican Republic
 Kuwait
 Russia
 Zimbabwe
Ecuador
 Kyrgyz Republic
 Saudi Arabia
Egypt Lao, People's Democratic Republic
 Senegal

Structure of this Report

The details for each country in the primary QLM-FE file are linked to separate Excel files (Office 2000) for each of the eleven criteria.

This gives divisions by alphabetical order and by ranking for any year. Almost any combination of tables and graphics can be published from these computer programs.

Both the E-mail attachment and CD-ROM methods of delivering the report have a Guide to the Files. This explains what is in each file, including worksheets that have the alphabetical listings and rankings for QLM-FE and for each criterion.


 Weighting
Level of resolve toward honoring international obligations 3.0
Foreign loan structure and terms:
Range, concessionary to short term
 2.0
Current market terms
 1.0
Corruption in financial transactions:
Direct fraud
 2.0
Indirect diversion of funds
 1.5
Concessionary loans and grants:
Level of access
 1.5
Influence of strategic importance
 1.5
Net technocratic competence:
Overall assessment
 2.5
Political interference
 1.5
Legal framework:
Convertibility for principal, interest,fees
 2.0
Taxation constraints
 1.5


The 11 criteria listed above have a weighted total of 20.
Each criterion is rated from 5 (best case) to zero (worst case).
Therefore, a perfect country would receive a score of 100 (20 x 5).