Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations
3 March 2021 | National Pension Hub Publications
Forced Retirement Risk & Portfolio Choice Guodong Chen, New York University at Shanghai Minjoon Lee, Carleton University Tong-yob Nam, U.S. Department of the Treasury Download the full paper - PDF Version Introduction Current literature on the effect of labor income on portfolio choice overlooks that workers face a risk of being forced to retire before... View Article
3 March 2021 | National Pension Hub Publications
GRI Research Associate Sally Shen co-authored the paper Fintech and the Retirement Savings System which was published by the Society of Actuaries in January 2021.
3 March 2021 | National Pension Hub Publications
Risk Sharing Pension Plans Mary Hardy, University of Waterloo David Saunders, University of Waterloo Xiaobai Zhu, Southwestern University of Finance and Economics Download the full paper - PDF Version This project adapts results from theoretical, stylized work on pension design, to explore a form of Target Benefit (TB) plan that allows for structured, transparent intergenerational... View Article
3 March 2021 | Financial Stability and Regulatory Compliance
Canadian equity market experts, ranging from market enablers to investor protectors, were recently gathered by the Global Risk Institute (GRI) to discuss the future implications of last month’s events which captivated financial markets observers.
10 February 2021 | Sustainable Finance and Climate Risk
Climate change poses foreseeable physical and transition risks, but uncertainty remains in the magnitude of impact, timing, and policy pathways that will actually come to pass.
3 February 2021 | Financial Stability and Regulatory Compliance
Earthquakes can strike without warning near large population centres, threatening human life and inflicting massive physical and social damage. Low-probability, high-impact events of this kind can present unique challenges for risk management professionals.
27 January 2021 | Cyber security and Fraud
We are pleased to provide an update to the first report issued in November 2019. This report documents a shift in the opinions from the last report due to the advances and changes in the quantum computing landscape.
26 January 2021 |
2020-2021 Risk Outlook Survey Global Risk Institute Download the Full Report Introduction The world has changed dramatically since we published our last edition of the GRI Risk Outlook Survey a year ago. Top risks that were thought to be at the forefront have been impacted and, in some instances, overshadowed by the events brought about... View Article
18 January 2021 | Sustainable Finance and Climate Risk
As we emerge from a year of unparalleled disruption, we look ahead to a 2021 that will continue to be shaped by the global pandemic, pressing human health issues, and the ensuing economic fallout. Many points of connection and comparison have been drawn between the pandemic and another external risk of global proportions – climate change. From big picture global forces right down to expected milestones in the Canadian financial sector, here are the trends that will shape the sustainable finance and climate risk agenda in 2021.
14 January 2021 | Macroeconomic Risk
The COVID-19 pandemic provides a unique setting in which to evaluate the importance of a country’s fiscal capacity in explaining the relation between economic growth shocks and sovereign default risk. For a sample of 30 developed countries, we find a positive and significant sensitivity of sovereign default risk to the intensity of the virus’ spread for fiscally constrained governments. Supporting the fiscal channel, we confirm the results for Eurozone countries and U.S. states, for which monetary policy can be held constant. Our analysis suggests that financial markets penalize sovereigns with low fiscal space, thereby impairing their resilience to external shocks.
