Regulations including tangible risk limits are needed to prevent unchecked growth and risk taking within the shadow banking sector in order to control the risks to the overall financial system. This seminar provides information regarding the sector globally including the nature of activities, trends, and risks, as well as areas to watch.
Key Takeaways for Participants:
- The risks associated with shadow banking are increasing as individual shadow banks and the sector as a whole grow, and risk taking expands and evolves.
- Without appropriate regulation, the sector will be able to continue to grow unchecked, heightening risks to the overall financial system.
- A liquidity event for a larger shadow bank could trigger disruption in the sector and contagion to the broader financial system is likely.
- Financial institutions should be aware of the growing risk and consider a shadow banking crisis in stress testing scenarios.
This seminar is geared towards Enterprise Risk Managers and Regulatory Liaison Groups at financial institutions, Bank of Canada, and academics interested in systemic risk.
Join Sheila Judd, Executive in Residence, Global Risk Institute on May 16th as she discusses the risks associated with the shadow banking sector.
Executive in Residence, Global Risk Institute
Sheila joined the Global Risk Institute as an Executive in Residence following a 20+ year career in banking across three financial institutions and a variety of roles within commercial/corporate lending as well as risk management. Sheila’s expertise is in risk governance: as Vice-President of CIBC’s Enterprise Risk Management group, Sheila was co-head of the group responsible for the development of CIBC’s risk framework, including a risk appetite statement, risk policies and risk committee mandates. She also developed risk analytics and stress testing for key risks facing the bank, and prepared “deep dive” risk reviews and education materials for senior risk committees including the risk committee of CIBC’s Board. Sheila holds an Honours Bachelor of Commerce degree from McMaster University.