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Publication Library

Academic Final Report

The Impact of Derivatives on Cash Markets: Evidence from the Introduction of Bitcoin Futures Contracts

According to industry research, total cryptocurrency derivatives trading volume in futures, options, and swaps surpassed $3 trillion USD in 2019. In this research we study whether the introduction of cryptocurrency derivatives is beneficial or detrimental to the underlying cryptocurrency spot markets.

Academic Final Report

Assessing the Exposure of Critical Infrastructure and other Assets to the Climate Induced Failure of Aging Dams in the U.S.

GRI's research partnership with the Columbia Water Centre has explored how the aging of dams, and the factors of climate change increase the risk of dam failures. The research has highlighted the many impacts that a dam failure can have on assets, highlighting the importance for the financial sector to assess their lending, insurance or investment portfolios for climate risk.


Racial Diversity, Equality and Rebuilding Community Trust

Boards and CEOs need to rebuild the trust amoungst workers in general and minority groups in particular. The only way to rebuild this trust is to ensure that voices are heard and real change is made.


The European Union Sustainable Finance Taxonomy: Implications for Canada

The European Union Sustainable Finance Taxonomy has arrived! What is it, and why should Canada care? One of the missing critical catalysts for kick-starting the sustainable finance industry has always been a comprehensive, science-based classification system creating a common language for sustainable investments. On March 9, 2020, the EU Sustainable Finance Taxonomy was released. It fills that critical void and is a genuine game-changer.


Financial Institution Operational Resilience: Pre and Post COVID-19

Once we move through this current crisis stage, we will have to deal with transition and, then, forge a sustainable path — a path that has been referred to as the “new normal". This piece provides seven key guidelines for operational resilience on how to better position our financial institutions.

Research Brief

Regulatory Forbearance in the Age of COVID-19

Navigating the current crisis requires considerable professional judgement, which must be supported by a number of key elements, including; active stakeholder consultation, robust risk management information systems, effective governance and, importantly, guiding principles. In response to this unique challenge, financial regulators have begun to implement a wide range of special policy actions.


Bank Dividend Regulation: Impact of the COVID-19 Pandemic

With the world in the midst of the COVID-19 pandemic that has precipitated a severe global economic contraction, regulators and financial market professionals across the world have moved rapidly to prevent another financial crisis. As part of the regulatory initiatives intended to reduce the real economy impact and financial market strain, some regulators have been calling for coordinated, worldwide action to suspend all bank dividends for the foreseeable future.


Geopolitics in a Post-Pandemic World

COVID-19 sets a new precedent for the scale of a public health response and its vast economic consequences, but also poses longer-term geopolitical challenges and risks for Canadian financial services.

Research Report

GRI Quantum Risk Assessment Report – Part 5

The precise time at which our current systems will be vulnerable to systemic quantum attack depends on two key factors. Firstly, how large of a quantum computation is needed to break these systems, and secondly, how soon the required resources are available. In this report we focus on the first part.

Research Report

Withstanding Cyber-Attacks: Cyber-Resilience Practices in the Financial Sector

This research using qualitative data collected among a sample of 44 cyber security professionals from 28 financial sector organizations in 5 geographies describes the measures enabling cyber-resilience in the financial sector. The general objective is to learn from those who implement cyber-resilience on a daily basis what works, what does not, and what are their main constraints.