Publications

Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations

Publication Library


Article

Canadian Bank Dividends: Income Importance During and Beyond the Pandemic

This article explores the benefits of Canadian bank dividends, beginning with two areas that are often too little recognized. The first is the significance of Canadian bank dividends to sustaining household cash flow and liquidity, including their rising share of retail investor incomes, attractive absolute and relative yields, and dependability. The second is the crucial role of bank dividends in seniors’ incomes, including the structural trends boosting their importance in funding retirees’ spending needs.

Industry Report

Canadians’ Preparation for Retirement (CPR)

In this report, we present and describe a comprehensive stochastic retirement income calculator (Canadians’ Preparedness for Retirement, or CPR) that will be made available to the general public in the near future.

Academic Final Report

The Impact of Derivatives on Cash Markets: Evidence from the Introduction of Bitcoin Futures Contracts

According to industry research, total cryptocurrency derivatives trading volume in futures, options, and swaps surpassed $3 trillion USD in 2019. In this research we study whether the introduction of cryptocurrency derivatives is beneficial or detrimental to the underlying cryptocurrency spot markets.

Academic Final Report

Assessing the Exposure of Critical Infrastructure and other Assets to the Climate Induced Failure of Aging Dams in the U.S.

GRI's research partnership with the Columbia Water Centre has explored how the aging of dams, and the factors of climate change increase the risk of dam failures. The research has highlighted the many impacts that a dam failure can have on assets, highlighting the importance for the financial sector to assess their lending, insurance or investment portfolios for climate risk.

Announcement

Racial Diversity, Equality and Rebuilding Community Trust

Boards and CEOs need to rebuild the trust amoungst workers in general and minority groups in particular. The only way to rebuild this trust is to ensure that voices are heard and real change is made.

Article

The European Union Sustainable Finance Taxonomy: Implications for Canada

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.

Article

Financial Institution Operational Resilience: Pre and Post COVID-19

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.

Research Brief

Regulatory Forbearance in the Age of COVID-19

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.

Article

Bank Dividend Regulation: Impact of the COVID-19 Pandemic

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.

Article

Geopolitics in a Post-Pandemic World

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.