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Queen’s University and the Global Risk Institute Announce Canada’s First Graduate Diploma in Risk Policy and Regulation

MARCH 13, 2014

Queen’s University’s Economics Department today announced the launch of Canada’s first Graduate Diploma in Risk Policy and Regulation, a partnership with the Global Risk Institute in Financial Services (GRI), beginning September 2014.

“Queen’s economics department has a long history as a leader in economic policy analysis and development in Canada, and this new graduate diploma will be an excellent credential for students who wish to pursue financial risk management careers in either the public or private sectors,” said Daniel Woolf, Principal and Vice-Chancellor of Queen’s University. “We are delighted that GRI has partnered with Queen’s to make this program a reality.”

Designed for graduate students in economics and related disciplines, the 4-month diploma integrates formal risk management models, informal traditional and emerging risk management practices and evolving regulatory practices.

“Given the failures in risk management and regulation that emerged in many countries during the global financial crisis, this program seeks to provide risk managers and financial regulators with the tools and knowledge to identify and manage risks to deliver the best possible outcomes for their organizations,” said Professor Frank Milne, BMO Professor of Economics and Finance at Queen’s University.

Professor Milne, a widely published authority on risk management, will direct the program, which includes courses on Risk Management Theory and Implementation, Financial Institution Theory and Practice, Financial Regulation and Advanced Topics in Risk Management and Regulation. Dr. David Longworth, a former deputy governor of the Bank of Canada and current Queen’s faculty member, will share responsibility for the program.

“This program will be a first for Canada,” said Mr. David Finnie, Managing Director, Education at GRI. “Today’s announcement is testament both to the strength and depth of risk management expertise in this country, and to the capacity of Canadian universities, think-tanks and private sector firms to work together.”

The development of the program has benefitted from strong support from the Bank of Canada, the Canadian Deposit Insurance Corporation, and the Office of the Superintendent of Financial Institutions in Canada.

More about the Graduate Diploma in Risk Policy and Regulation


Founded by representatives from Canada’s private and public sectors, the Global Risk Institute in Financial Services enables financial institutions, policy-makers and regulators to better manage the balance between risk and opportunity. Its mandate is the provision of applied research and education programs that build risk capacity and stimulate evidence-based debate for all those engaged in risk management in the financial services sector around the world. Over the past year, GRI has concluded research agreements with the Universities of Toronto,  Waterloo and Calgary; McMaster University, the International Centre for Pensions Management at the Rotman School of Management, Toronto and La Fondation du Risque/Institut Louis Bachelier in Paris, France. Researchers currently working on GRI projects are drawn from around  Canada, the United States, the UK and Europe. In Risk Education, GRI works with leading educators and experienced professionals from across  Canada and further afield to enhance skills and build risk management


Queen’s University is Canada’s research-intensive university with a transformative student experience. Its highly regarded Economics Department has a long history as a leader in economic policy analysis and development in Canada. Many of Queen’s economics graduates hold leadership positions in the public and private sectors.