Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations
1 November 2017 | Pension Industry
At the 2017 Annual Summit, the Global Risk Institute (GRI) announced the creation of a National Pension Hub (NPH) that will serve as Canada’s centre for pension thought leadership and research.
16 October 2017 | Risk Management Practices
GRAFT – The Global Risks and Trends Framework – a new and innovative approach designed to help organizations identify, assess and respond to global risks and trends in order to avoid pitfalls that could threaten an organization’s long-term survival, or conversely to leverage for the benefit of the organization.
2 October 2017 | Climate Change and Environmental Risks
Confronting Deep and Persistent Climate Uncertainty Authors: Gernot Wagner and Richard J. Zeckhauser Abstract Deep-seated, persistent uncertainty is a pernicious feature of climate change. One key parameter, equilibrium climate sensitivity, has eluded almost all attempts to pin down more precisely than a ‘likely’ range that has stalled at 1.5–4.5°C for over thirty-five years. The marginal... View Article
7 September 2017 | Financial Stability and Regulatory Compliance
At the GRI we expect the transition to IFRS 9 to present challenges to the various stakeholders. There is a clear need for education and discussion across the financial services industry as we approach the implementation date this November. In this paper we focus on the implications of IFRS 9 going forward, particularly as Canadian banks are required to “go live” in November.
6 September 2017 | Financial Stability and Regulatory Compliance
This paper develops a framework to analyze the consequences of alternative designs for interbank networks, in which a failure of one bank may lead to others.
2 August 2017 | Climate Change and Environmental Risks
Throughout his campaign for the U.S. presidency, Donald Trump expressed skepticism about climate change and promised to repeal Obama-era climate policies. On June 1, 2017, President Trump made good on one of his biggest climate-policy promises by announcing that the United States would withdraw from the Paris Agreement. This paper discusses the impacts of this decision.
25 July 2017 | Risk Management Practices
This paper includes an examination of the risks associated with continuation of the workplace gender gap, and the rewards for firms that achieve gender diversity. It makes a case for dedicating a portion of parental leave exclusively for men, on the basis that gender equality at home is a prerequisite for gender equality at work. Other recommended actions to foster gender equality are also included.
21 July 2017 | Financial Stability and Regulatory Compliance
Although regulatory rules for derivatives margin requirements have not yet been implemented they are currently under active discussion. In the USA, margins of derivative positions cleared by a central counter-party (CCP) must adhere to the 2010 Dodd-Frank Act, which reinforces the role of their supervision by the Securities Exchange Commission and the Commodity Futures Trading Commission. In Europe, EMIR regulations will require more stable margin requirements and an increased confidence level for CCP losses when a client defaults.
10 July 2017 | Risk Management Practices
A Comparison of Survey and Incentivized-Based Risk Attitude ElicitationAuthors: Jim Engle-Warnick, Diego Pulido, and Marine de MontaignacRelated Project: Behavioral FinanceThe Global Risk Institute funded this research along with the preparation of this paper.Download Summary: EXECUTIVE SUMMARYOne of the duties of financial advisors is to assist investors with building a portfolio that fits their needs and preferences. An... View Article
4 July 2017 | Cyber security and Fraud
On April 11th, Duo Security and the Global Risk Institute (GRI) co-hosted an executive breakfast in Toronto to provide an update on current security trends and key information that leaders need to know.