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Publication Library

White Paper

An Improved Application of the Variable Annuity

Variable annuities have been used as a payout mechanism in some US pension plans that are qualified under the U.S. Internal Revenue Code for many years. This innovative payout technique has also been introduced in a large pension plan in British Columbia that is registered under the Canadian Income Tax Act. Under this technique, the registered pension pl an establishes a “hurdle rate”.

Research Report

Illiquidity Premia in the Equity Option Market

Illiquidity Premia in the Equity Option MarketRelated Project: Risk Management & Market LiquidityAuthors: Peter Christoffersen, Ruslan Goyenko, Kris Jacobs, and Mehdi Karoui .The Global Risk Institute funded this research along with the preparation of this paper. This paper is a summary of the larger research report“Illiquidity Premia in the Equity Option Market”.GRI members can download the full... View Article

Research Report

Regulating Dark Trading: Order Flow Segmentation and Market Quality

Dark trading and its regulation are critically important issues in modern markets, yet many questions about its impact remain unanswered. Regulators around the world are grappling to determine the most appropriate regulatory regime to ensure that they maximize the benefits associated with dark trading, whilst minimizing any potential costs.

White Paper

How Natural Language Processing is Reshaping the World of Finance

Natural Language Processing is a sub-section of the artificial intelligence domain that is focused on teaching computers to understand natural human languages. NLP encompasses a range of theory-motivated computational techniques which attempt to address the disconnect between human and computer languages.

White Paper

A Methodology for Quantum Risk Assessment

Quantum computing is a growing technology that is rapidly changing how electronic communications and digital transactions will take place in the near future. In this article, we look at how organizations can investigate and mitigate the risks associated with the changes that will be brought about by this emerging technology.

White Paper

Summary of Key Risks in 2017

Initial Perspectives on 2017 - This view is consistent with the consensus of our members, who participated in our key risk survey. Not surprisingly members identified Consumer Debt / Canadian Housing Market, Rising Interest Rates and Cyber Risk amongst their top concerns for 2017.

Presentation / Video

Enterprise Risk Management Roadmap: GRI Program Overview

One of our primary goals has been to improve risk management in the financial services sector through enterprise risk management (ERM) education and training. In order to advance this important goal, Global Risk Institute is launching a comprehensive ERM Roadmap program initiative to contribute to this important ERM practice area.

White Paper

Market Liquidity: One door closes, another one opens?

Market liquidity is in a transition and the capital markets are undergoing a significant transformation. Like any transition, this one too has its share of challenges and yet, provides many opportunities to participants.

Research Report

Using the Hadoop Ecosystem to meet Basel 239 Requirements

In this paper, we define the Hadoop ecosystem, its components, and how it can help with risk data aggregation and management holistically.