Publications

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

Thought Leadership

Access fresh thinking from leaders in regulatory matters, risk management and technological advances facing the financial sector.

Interactive Content

Build Knowledge by retrieving audio, video and slide presentations on subjects relevant the risk management professionals and financial institutions.

Technical Data

Examine results from our technical projects generated from our research activities and collaborations with partner universities.


Note

GRI Summit Remarks – Sonia Baxendale

Our 2019 GRI Risk Summit- Dynamic Risk-A Shifting Landscape- is a wrap, and dynamic it was!  From our panel on Open Banking- with lessons learned from our friends in the U.K. and Australia. To the insights from our keynote speaker on the future of the Canada- U.S. Relationship and the explorations of cyber risk, artificial intelligence & sustainable finance - the dialogue was stimulating and provocative! We took some time to think about our own profession, and what talent we will need to face the future head on.  The high energy “Big Ideas and Bold Perspectives” discussing the perils of global investing, the digital future of financial services, and rethinking financial risk in an area of climate change, were astounding hits.  Finally, our Chief Risk Officer best practice panel - always a perennial favourite- lived up to its billing! Thank-you to all who participated, spoke at our conference, moderated panels, and the team that took care of every detail.  The conference was once again an unqualified success.

Research Report

The Cyber-Resilience of Financial Institutions: A preliminary working paper on significance and applicability of digital resilience

Recent headlines about cyber-attacks and massive data breaches are revealing the fragility of the digital infrastructure and the impossibility of assuring the integrity of computer systems, even for organizations such as financial institutions that maintain the most mature cyber security programs.

Research Report

Systemic Risk Driven Portfolio Selection

The balance between risk and return has been at the center of portfolio construction methodologies. Although the asset allocation literature has primarily focused on a firm's individual risk, the Global 2007-2009 financial crisis highlighted the importance of accounting for systemic events, i.e., extreme forms of risk that can have severe consequences on the financial system.

Research Report

Tokenomics: When Tokens Beat Equity

To many financial industry insiders, tokens have no intrinsic merit and exist only as a way to evade regulations. We demonstrate that generic revenue-based token contracts are indeed economically inferior to equity and lead to over- or under-production.

Research Brief

What Makes Green Investment a Puzzle?

The Society of Actuaries (SOA) Climate and Environmental Sustainability Research Committee awarded Sally Shen, Research Associate, Global Risk Institute, first prize for her three page essay "What Makes Green Investment a Puzzle" in May 2019. This essay argues that the myth behind the motivation of green investment is driven by both unknown knowns and unknown unknowns.

Research Report

Climate Extremes, Aging Dams & Levees and Cascading Failure Impacts

Nearly a third of the dams fail due to overtopping, an event whose likelihood increases as the potential for severe storms increases. Aging dams and levees, in combination with an increasing frequency of climate extremes pose an unprecedented risk to communities around the world. The financial risk associated with the failure of such assets is unmapped.

White Paper

The Geopolitics of Technology

In the race to innovate, the geopolitical determinants of big data, AI and 5G are critical to the financial services industry. A financial services provider must first understand the political dimensions of emerging technologies before it can assess the associated enterprise risks, test its resiliency and design appropriate governance strategies.

White Paper

Enterprise Risk Management Benchmarking Study: A Focus on Financial Institutions

The Global Risk Institute, in partnership with the Conference Board of Canada and the Chartered Professional Accountants of Canada, has conducted a benchmarking survey of enterprise risk management (ERM) practices across different industries. In the foreword, we highlight ERM practices in the financial services industry and discuss how they compare to other industries’ practices.