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

Shadow Banks pose significant risk to the future stability of the global financial system

This paper by Sheila Judd, Executive in Residence at the Global Risk Institute discusses how the shadow banking sector affects the global financial system and the risks associated with shadow banks.

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

Mind the Gap: Addressing Gender Imbalances in Leadership (and a Case for Paternity Leave)

This paper includes an examination of the risks associated with continuation of the workplace gender gap, and the rewards for firms that achieve gender diversity. It makes a case for dedicating a portion of parental leave exclusively for men, on the basis that gender equality at home is a prerequisite for gender equality at work. Other recommended actions to foster gender equality are also included.

A Parsimonious Parametric Model for Generating Margin Requirements for Futures

Although regulatory rules for derivatives margin requirements have not yet been implemented they are currently under active discussion. In the USA, margins of derivative positions cleared by a central counter-party (CCP) must adhere to the 2010 Dodd-Frank Act, which reinforces the role of their supervision by the Securities Exchange Commission and the Commodity Futures Trading Commission. In Europe, EMIR regulations will require more stable margin requirements and an increased confidence level for CCP losses when a client defaults.

A Comparison of Survey and Incentivized-Based Risk Attitude Elicitation

A Comparison of Survey and Incentivized-Based Risk Attitude Elicitation Authors: Jim Engle-Warnick, Diego Pulido, and Marine de Montaignac Related Project: Behavioral Finance The Global Risk Institute funded this research along with the preparation of this paper. Download Summary:  A Comparison of Survey & Incentivized Based Risk Attitude Elicitation EXECUTIVE SUMMARY One of the duties of financial… View Article

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