17 February 2016

FEBRUARY 17, 2016 I am pleased to announce that Brian O’Donnell has joined the Global Risk Institute in Financial Services as an Executive-In-Residence.   Brian will initially focus his efforts on risks and opportunities relating to data issues and regulation.  Brian was most recently Chief  Data Officer at CIBC.  He has broad experience in Risk Management including risk… View Article

15 January 2016

JANUARY 15, 2016   The Canadian Institute of Actuaries (CIA) has released an innovative e-booklet on ERM governance practices. This publication, titled Enterprise Risk Management: How do we govern it?, is a collection of essays by leading risk management practitioners. The essay topics reflect a wide range of key risk governance-related themes, such as governance structures,… View Article

19 November 2015

NOVEMBER 19, 2015   GRI is pleased to announce that investment expert Brian Gibson will host a lunchtime seminar for our C-suite executives from GRI’s member institutions on Wednesday December 9, in downtown Toronto. This event will focus on the strategies that can be used to earn higher returns while efficiently using risk capital. Brian… View Article

13 November 2015

While regulators have required that financial institutions assess model risk, there is no accepted approach for computing such risks. In this presentation, Professor Bertrand Maillet proposes a remedy for this lacuna via a general measure for estimating model risk which involves adjusting imperfect risk forecasts by outcomes from back-testing results. Professor Maillet’s presentation was followed… View Article

12 November 2015

NOVEMBER 12, 2015   More than 180 senior Canadian financial executives polled at Global Risk Institute Annual Conference Cyber risk and technology risks tied as the greatest concerns for global financial institutions TORONTO/LONDON – According to a poll of global financial services experts and Canadian risk executives conducted today at the Global Risk Institute’s Annual Conference,… View Article

3 November 2015

NOVEMBER 3, 2015   Cyber security is frequently cited as the #1 challenge facing GRI’s members both now and in the future. It is an all-pervasive global concern for financial institutions. With organizations increasingly relying on technology to communicate and operate, any data leak or business interruption cause by hacking or surveillance could have catastrophic… View Article