Publications

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

Publication Library


White Paper

Will AI take over active fund management?

Research in the field of Artificial Intelligence (AI) is growing exponentially, and as a result, applications of the technology in different industries are constantly being discovered. This paper explores how AI can be applied to the field of fund management, and specifically, how it can be used to manage active funds.

White Paper

GRAFT: Cyber Risk Correlations in the GRAFT Framework

This article is the first in a series that will focus on applying risk correlations to further a robust approach to the management of emerging risks. It applies the correlation matrix from the Global Risks and Trends Framework (GRAFT) to a specific topic in order to highlight risk interdependencies, and to assist in the analysis of strategic implications.

Research Report

Conflicted Advice About Portfolio Diversification

Investors are often encouraged by financial advisors to “roll-over” their 401(k) into Individual Retirement Accounts (IRAs). This work investigates the soundness of this investment advice and analyzes the diversification of large 401(k)-type plans that offer five basic investment options.

White Paper

A FINANCIAL INNOVATION SERIES – Risks and Rewards of Financial Innovation

This report will consider several vantage points including that of the incumbent financial institution, the consumer, and the financial system as a whole. We will also offer some insight with regards to potential risk-mitigation strategies and commentary on the potential for fintech-related risks to become systemic.

White Paper

Systemic Cyber Preparedness

Cyber intrusion and cyber resilience are topics receiving tremendous attention, discussion and action currently and for good reason. Financial firms fend off millions of cyber threats daily. This paper frames the learnings from the most recent efforts to combat global, systemic risk – the 2008 Global Financial Crisis.

Research Report

Collateral Rule

In this report the author provides the first comprehensive study of the collateral rule in the market of cleared credit default swaps by studying how margins depend on portfolio risks and market conditions, and what the implications are for theoretical models of collateral equilibrium.

Research Report

The Case of Open Banking

In this report the authors share their insights and identify some of the key changes and issues that the financial sector may be facing in the next few years as the use of open APIs becomes more ‘mainstream’.

Research Report

National Approach to Cyber Intrusion

This paper explores the national level cyber security infrastructure within Canada and the United Kingdom as it relate to financial services. While national priorities, timing, and approach will always vary to some extent, we believe it to be a fair comparison given both countries are described as the third and fourth largest cybersecurity innovation hubs in the world.

Research Report

Robust Hedging in Incomplete Markets

The research report discusses the development of a hedging strategy for fund manager who faces uncertainty about the expected return on the assets as well as uncertainty about the expected growth in liabilities.

Research Report

GRAFT: Pension Case Study

The Pension Case Study provides the overview of the concept of the Global Risk and Trends Framework (GRAFT). This report provides the process, implementation, and outputs of the GRAFT process.