Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations
9 April 2020 | Pandemic Response
The world has been at the edge of a tipping point for over a year. Spread of viral disease was the risk that toppled the market, closed businesses and borders, made remote work a norm, and unfortunately has taken an unprecedented number of lives. The interrelationship of Global Risks and Trends outlines the path that led the world to its current state, and provides a framework for identifying the implications of COVID-19, and the path forward.
10 March 2020 | Climate Risk and Sustainable Finance
The report “Factoring Climate Risk into Financial Valuation” shows how climate-related data can be used with existing valuation models to determine a company's climate change risk exposure in financial terms. GRI has supported the development of this tool to help investors incorporate extreme weather risk into their decision-making. This framework will fill in data gaps that are crucial for effectively assessing risk.
9 March 2020 | Pandemic Response
Given the significant and increasing reliance on outsourcing and 3rd party supplier relationships in the financial services sector, risk managers should also be evaluating potential impacts on service levels from developments relating to the COVID-19 situation. This brief covers the questions to ask of your own institution, and your 3rd party suppliers.
9 March 2020 | Risk Management Practices
In response to the fast-changing conditions and expectations in today’s financial markets, risk leaders need to be more proactive than ever before. We have entered the era where leaders will not be able to access the C-suite or board if they haven’t had a stint in risk management.
5 March 2020 | Climate Risk and Sustainable Finance
Climate change is a broad and diverse trend that poses a significant challenge for Financial Institutions (FIs) to address. This paper deploys one approach to weighing and prioritizing these risks, The Global Risks and Trends Framework (GRAFT), to examples of climate change, extreme weather events and natural disaster risk correlations and suggests ways for FIs to address them.
28 February 2020 | Technology Innovations
This report discusses the implementation challenges of Natural Language Processing (NLP) and Sentiment Analysis for financial institutions. NLP is being applied by financial institutions across a number of different areas of interest: climate change, asset management, geopolitics, economic policy, monetary policy & cyber risk. This report also touches upon existing practices and dealing with challenges that currently face the financial services sector.
30 January 2020 | Geopolitical
Trade disputes can increase market volatility while dragging down foreign direct investment and cross-border lending. New trade barriers can increase credit risk for lenders. When considering potential impact on compliance, returns and aggregate enterprise risk, risk managers should keep five major trade developments of the past year top of mind and continue to monitor their trajectories in 2020.
30 January 2020 | Geopolitical
Political transitions can increase country risk and disrupt investment, lending, and insurance, while directional swings in public policy, international relations and/or social attitudes impact market sentiment and shape real business environments. We provide an overview of major upcoming developments.
17 January 2020 | Climate Risk and Sustainable Finance
Recognition of the risks and opportunities associated with climate change reached new peaks across financial markets in 2019. But where to from here? From big picture global forces right down to expected milestones in the Canadian financial sector, here are five big trends that will shape the climate risk and sustainable finance space in 2020
17 January 2020 | Risk Management Practices
This marks the fourth year we have conducted the Risk Outlook Survey. The results provide key insight into risks to the Canadian financial system, views on Canada's financial stability & global economies.