Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations
29 May 2020 | Climate Risk and Sustainable Finance
The European Union Sustainable Finance Taxonomy has arrived! What is it, and why should Canada care? One of the missing critical catalysts for kick-starting the sustainable finance industry has always been a comprehensive, science-based classification system creating a common language for sustainable investments. On March 9, 2020, the EU Sustainable Finance Taxonomy was released. It fills that critical void and is a genuine game-changer.
22 May 2020 | Pandemic Response
Once we move through this current crisis stage, we will have to deal with transition and, then, forge a sustainable path — a path that has been referred to as the “new normal". This piece provides seven key guidelines for operational resilience on how to better position our financial institutions.
12 May 2020 | Pandemic Response
Navigating the current crisis requires considerable professional judgement, which must be supported by a number of key elements, including; active stakeholder consultation, robust risk management information systems, effective governance and, importantly, guiding principles. In response to this unique challenge, financial regulators have begun to implement a wide range of special policy actions.
8 May 2020 | Pandemic Response
With the world in the midst of the COVID-19 pandemic that has precipitated a severe global economic contraction, regulators and financial market professionals across the world have moved rapidly to prevent another financial crisis. As part of the regulatory initiatives intended to reduce the real economy impact and financial market strain, some regulators have been calling for coordinated, worldwide action to suspend all bank dividends for the foreseeable future.
8 May 2020 | Pandemic Response
COVID-19 sets a new precedent for the scale of a public health response and its vast economic consequences, but also poses longer-term geopolitical challenges and risks for Canadian financial services.
1 May 2020 | News Announcement
"Tiff's commitment to strong risk management principles and his deep understanding of the Canadian and global financial system make him an excellent choice to lead the Bank of Canada." - Sonia Baxendale, President and CEO, Global Risk Institute
30 April 2020 | Cyber security and Fraud
The precise time at which our current systems will be vulnerable to systemic quantum attack depends on two key factors. Firstly, how large of a quantum computation is needed to break these systems, and secondly, how soon the required resources are available. In this report we focus on the first part.
30 April 2020 | Cyber security and Fraud
This research using qualitative data collected among a sample of 44 cyber security professionals from 28 financial sector organizations in 5 geographies describes the measures enabling cyber-resilience in the financial sector. The general objective is to learn from those who implement cyber-resilience on a daily basis what works, what does not, and what are their main constraints.
29 April 2020 | Pandemic Response
Regulators around the globe have been providing guidance to banks and insurance companies on how to proceed with dividends and share buybacks. It will be critical for financial institutions to achieve the appropriate balance between capital preservation for purposes of safety and soundness and the requirement to ensure they have the firepower to support their clients. There have been varied responses around the globe and we have captured them in order to help inform decision making.
21 April 2020 | Pandemic Response
It is challenging to think longer term in the midst of the COVID-19 crisis and an economic contraction of huge magnitude and uncertain duration. The extraordinary healthcare needs and enormous economic and financial stresses are rightly dominating the public agenda and the resources of governments.
