Welcome

Our Mission

GRI is the premier organization that defines thought leadership in risk management for the financial industry globally. It brings together leaders from industry, academia, and government to draw actionable insights on emerging risks globally.

News

NATIONAL PENSION HUB TO DEVELOP INSIGHTS INTO CHALLENGES FACING CANADA’S PENSION INDUSTRY

Toronto, October 4, 2017 The Global Risk Institute in Financial Services (GRI) today announced the creation of a National Pension Hub (NPH) that will serve as a Canadian centre for pension knowledge and research. The purpose of the NPH is to provide pension and income security research that, among other things, will lead to innovative… View Article

Ideas

As a leader for risk management professionals in the finance sector, Global Risk Institute focuses on investigating and exploring the most critical issues facing global institutions today.

Engagement

Financial institutions, governments, policymakers and regulators are all seeking growth and stability in an uncertain world. The Global Risk Institute responds by providing them with better intelligence, information and training.

Building Risk Professionals

Global Risk Institute believes in engaging directly with our members in order to assist them in building knowledge and strengthen their risk management team capacity. We do that through hosted events, publications and education programs.

Our Themes

  • Technological Disruption

    Technological advances are challenging the way the finance sector operates. We study to these innovations and equip you with knowledge to help mitigate the threats, identify the trends and capitalize on new opportunities.

  • Climate Change

    GRI is engaged in expanding financial sectors understanding of climate-related risks and costs.

  • Regulation

    GRI is working with our members to help in improving processes, governance and offering strategies to cope regulatory changes.

Our
Model

EXPLAINED

How We Engage

  • Seminars and Workshops

    GRI members have access to presentations, workshops and forums presented by leading experts.

  • In-house Presentations

    GRI executive team is regularly invited to give special presentations to business and Risk Management divisions.

  • Annual Conference

    Global Risk Institute’s annual conference is focused on bringing together risk management professionals in a collaborative environment featuring interactive discussions and case studies by world leading experts.

  • Education Programs

    Global Risk Institute has several programs underway to improve the skills of risk managers, from students graduating from University to C-Suite executives to board members.

Publications

A Global Risks and Trends Framework (GRAFT) : Overview

This paper provides an overview of the Global Risks and Trends Framework (GRAFT), a new approach designed to help organizations identify, assess and respond to global risks and trends in order to avoid pitfalls that could threaten an organization’s long-term survival or conversely to leverage for the benefit of the organization. The complete GRAFT process, including automated tools and case studies, will be released later in 2017/18.

Confronting Deep and Persistent Climate Uncertainty

Confronting Deep and Persistent Climate Uncertainty Authors: Gernot Wagner and Richard J. Zeckhauser Abstract Deep-seated, persistent uncertainty is a pernicious feature of climate change. One key parameter, equilibrium climate sensitivity, has eluded almost all attempts to pin down more precisely than a ‘likely’ range that has stalled at 1.5–4.5°C for over thirty-five years. The marginal… View Article

The Challenges of Implementing IFRS 9 – Part 2

At the GRI we expect the transition to IFRS 9 to present challenges to the various stakeholders. There is a clear need for education and discussion across the financial services industry as we approach the implementation date this November. In this paper we focus on the implications of IFRS 9 going forward, particularly as Canadian banks are required to “go live” in November.

Projects

Systemic Risk Benchmarking Study (SRISK)

Systemic Risk Benchmarking Study (SRISK) The systemic risk measure (SRISK) originally proposed by Brownlees and Engle (2011), is defined as the expected capital shortfall of a firm conditional on a prolonged market decline. It is a function of a firm’s size, leverage, and risk and can be calculated using publicly available data. Weekly updates of… View Article

Hedging and Risk-Return Frontier: an ALM Perspective

Hedging and Risk-Return Frontier in Insurance: an ALM Perspective Asset-Liability Management (ALM) attempts to manage the underlying risk from mismatches between assets and liabilities that arise from fluctuations in the financial landscape. This project creates an ALM strategy for insurance companies that will account for demographic and financial risk while controlling for model risk. This… View Article

Short Selling Bans

Short Selling Bans In both the 2008-09 crisis and the 2011-12 euro debt crisis, security regulators imposed short selling bans, targeting them mainly at financial institutions. This was motivated by the fear that a collapse in a bank’s stock price could lead them to experience funding problems which would trigger further price drops. Short-selling bans… View Article

Members