PMA, in the context of banking, has several meanings depending on the specific institution and context. It's not a universally standardized acronym within the banking industry.
Different Interpretations of PMA in Banking:
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Personalized Managed Accounts (PMA): This is a common interpretation. PMA in this sense refers to separately managed accounts offering a range of complementary services tailored to individual investor needs. This includes catering to growing wealth, managing tax considerations, and adhering to specific investment restrictions. Russell Investments and other firms offer these services.
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Post-Model Adjustment (PMA): In some contexts, particularly concerning financial reporting and regulatory compliance, PMA may represent post-model adjustments applied to financial models, such as in the context of IFRS 9 impairment provisions. This suggests an adjustment made after the initial model calculation. Deloitte's analysis of IFRS 9 alludes to this usage.
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Institution-Specific Acronyms: Finally, PMA might represent a unique internal acronym used by a specific bank or financial institution. Without further context about the specific bank or institution in question, it's difficult to provide a definitive meaning. For example, the Palestinian Monetary Authority uses PMA as its abbreviation.
It's crucial to note the context in which you encountered the acronym PMA to determine its correct meaning.
