Global Risk Institute is a preeminent source of ideas on the management of emerging risks and trends for financial services organizations
19 April 2017 | Regulatory Compliance and Financial Stability
As the shadow banking sector continues to grow, what are the impacts on the overall financial system? How are global financial markets affected by shadow banks and what are the areas to watch? Sheila Judd, Executive in Residence at Global Risk Institute discusses these ideas in this paper on Shadow Banking.
28 March 2017 | Regulatory Compliance and Financial Stability
Canadian Banks and credit unions are in the midst of implementing one of the most challenging accounting changes in recent memory, when they move from an Incurred Loss (IAS 39) to an Expected Credit Loss (“ECL”) (IFRS 9) accounting standard. This article provides an overview of IFRS 9 and its potential impacts.
23 March 2017 | Risk Management Practices
Campbell Harvey`s presentation on New Approaches to Performance Evaluation at the International Centre of Pension Management (ICPM).
22 March 2017 | Macro-economic Risk
Equity Holding Preferences of U.S. based Insurance Companies in Low Interest Rate Periods Related Project: Optimal and Actual Asset Allocation Decisions in Protracted Low Interest Rate Periods Author: C. Krishnamurti, N. Papagiorgiou, F. Radmehr Professor Chandrasekhar Krishnamurti is the lead research contributor for the Global Risk Institute on Optimal and Actual Asset Allocation Decisions in Protracted... View Article
7 March 2017 | Technology Innovations
"Artificial Intelligence” is a very powerful narrative. In fact, today, many leading thinkers envision a future where machines surpass humans in intelligence. In Part One of our two part series, we assess of the potential near term risks and benefits of Artificial Intelligence. Later, in Part Two, we explore how AI is expected to impact Financial Services and what specific use-cases we expect to see over the next 1-3 years.
28 February 2017 | Risk Management Practices
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”.
21 February 2017 | Risk Management Practices
Illiquidity Premia in the Equity Option Market Related Project: Risk Management & Market Liquidity Authors: Peter Christoffersen, Ruslan Goyenko, Kris Jacobs, and Mehdi Karoui SUMMARY-Illiquidity-Premia.pdf . 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”.... View Article
8 February 2017 | Macro-economic Risk
On Feb 2, GRI and Rotman hosted a panel of experts to discuss the possible impact the Trump administration will have on the regulation of financial services. This article is a synthesis of the views of the panelists.
23 January 2017 | Regulatory Compliance and Financial Stability
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.
15 January 2017 | Technology Innovations
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.