About this Report
The annual Risk Outlook Survey assesses the risk perceptions of GRI 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. Survey participants include banks, credit unions, insurance companies, , pension funds and other asset managers, as well as crown corporations, and government agencies. Responses to the 2023 survey were received between December 2022 and January 2023. The survey is part of GRI’s commitment to understanding all aspects of the Canadian risk management landscape.
The report summarizes the results of the 2023 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 long-term global challenges of geopolitical and/or macroeconomic
disruptions.