On October 2, 2024, senior leaders from across the Canadian financial sector came together at the Toronto Region Board of Trade and online to discuss the most pressing risk issues of the day at Global Risk Institute’s 14th annual summit.
The sessions covered themes like the U.S. presidential election, the intersection of AI and sustainability, the risks and opportunities of open banking, OSFI’s capital floor, and more.
Participants at the annual conference gave overwhelmingly positive feedback about the lineup of speakers and the quality of the discussions. Here’s what some of them had to say:
“Always an excellent event, very informative and relevant!!!!”
OSFI
“One of the best events of the season in terms of relevance, quality of speakers, informative, topics selected, venue etc.”
RBC
“Great topics and thoughts!”
CIBC
“Excellent conference end to end. Brilliantly organized, great speakers, thought provoking ideas and networking.”
Province of Ontario
See below for descriptions and video of the day’s sessions.
Opening Video
The summit was kicked off with this evocative introductory video, setting the stage of the day. Watch the video.
Opening Remarks – Sonia Baxendale
GRI President and CEO Sonia Baxendale welcomes participants and speaks about the key summit themes of transformation and resilience. Watch the video.
Keynote – The Impact of U.S. Economic Policy and Politics on Canada in the Countdown to the U.S. Election - Ambassador Susan Rice
Former U.S. presidential advisor Ambassador Susan Rice sits down with Sonia Baxendale to discuss the U.S. presidential election, U.S. foreign and domestic policy, and what it could all mean for Canada. Watch the video.
CRO Panel – Adapting to Speed of Change
Leading CROs discuss what are the top risks facing the financial sector, which are likely to gain prominence over time, and what being a CRO has to do with running fast. Watch the video.
The Dual Challenge of Artificial Intelligence and Sustainability
AI researcher Dr. Sasha Luccioni discusses how artificial intelligence could potentially offer solutions to the climate crisis, but is also contributing to an escalation of carbon emissions. Watch the video.
Open Banking: Implications of Expanded Data Sharing
A conversation about the risks and opportunities of Canada’s open banking framework, featuring insights from representatives of academia, a major Canadian bank, and a fintech challenger brand. Watch the video.
The Role and Risks of Private Credit
Representatives from different quadrants of the private credit market discuss the reasons for the growth of private credit in Canada, its complementary role, and whether the risk is worth the reward. Watch the video.
System Health Through the Regulator’s Lens
Financial regulators from both federal and provincial levels talk about cybersecurity, third-party risk, climate risk and the importance of regulatory collaboration. Watch the video.
Maintaining Confidence and Building Resilience in an Increasingly Complex Environment - Peter Routledge
Superintendent of Financial Institutions Peter Routledge shares an update on the Basel III reforms, and sits down with Sonia Baxendale to discuss the balance between system stability and economic growth, the capital floor, MQR, and much more. Watch the video.
Big Ideas and Bold Perspectives (TEDx-style Talks)
Cybersecurity trailblazer Claudette McGowan and OTPP strategist Jonathan Hausman each deliver lively talks about risks and opportunities of the new global innovation landscape. Watch the video.
Closing Remarks
GRI Chair Mark Hughes closes the summit with a summary of the day’s sessions and key takeaways for participants. Watch the video.
Sponsors
