Canadian Financial Services Risk Outlook Survey 2023

  • Global Risk Institute
Bar graphs with numbers


The annual Risk Outlook Survey assesses the risk perceptions of our members in the Canadian financial services industry for the year ahead. It sheds light on how senior risk professionals view the challenges facing the financial sector and their institutions. The survey participants included banks, credit unions, insurance companies, crown corporations, government agencies, pension funds, and other asset managers. Responses to this year’s survey were received between December 2022 and January 2023.

This report summarizes the results of the survey. It begins with the system-level view of the threats respondents identified to the Canadian financial services industry. Second, the survey report presents the firm-level view or member assessments of the risks to key priorities within their respective organizations, including growth, operational resilience, and talent and culture. Third, the report captures member assessments of specific risk themes that are topical focus areas for GRI, specifically sustainable finance, technological innovation, and the longterm global challenges of geopolitical/macroeconomic